Dr. Marc Sherman Acquires Mixed-Use Property From Estate Of Walter Besser For $3.9M
64 Greenwich Avenue
$3,900,000
$1,523/SF
Building Size
2,560 SF
Asset Type
Mixed-use
Closing
Oct 18, 2024
AI
The property involved in this transaction is a mixed-use asset located at 64 Greenwich Avenue in the Greenwich Village market. The sale price was $3,900,000, and the property encompasses a total of 2,560 square feet, resulting in a price per square foot of $1,523.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,900,000
- Buyer: Dr. Marc Sherman
- Seller: Estate of Walter Besser
- Broker: Richard Bonagura & Angela Kontis - Realty Executives Today
Richard Bonagura and Angela Kontis represented the seller in this transaction, facilitating the sale of the property from the Estate of Walter Besser to Dr. Marc Sherman.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93