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86 University Place

Mixed-use Property At 86 University Place Sells For $8 Million In Greenwich Village
SOLDMixed-use

Mixed-use Property At 86 University Place Sells For $8 Million In Greenwich Village

86 University Place

$8,000,000

$938/SF

Building Size

8,528 SF

Asset Type

Mixed-use

Closing

Mar 26, 2025

AI

The property asset involved in the transaction is a mixed-use building located at 86 University Place in the Greenwich Village market. It was sold for a price of $8,000,000 and has a total square footage of 8,528, which translates to a price per square foot of $938.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,000,000
  • Square Footage: 8,528
  • Price per Square Foot: $938
  • Address: 86 University Place
  • Market: Greenwich Village

The deal was brokered by Mitchell Levine from Avison Young, representing the parties involved in the transaction.

Players

Mitchell Levine

Avison Young

Broker

$288M

vol

26 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93