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Mixed Use

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64 Greenwich Avenue

Dr. Marc Sherman Acquires Mixed-Use Property From Estate Of Walter Besser For $3.9M
SOLDMixed-use

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:

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.

Players

Richard Bonagura

Realty Executives

Broker

$9.6M

vol

3 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

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93