Updated Aug 24, 2026
Mark Gottwald Acquires Multifamily Property At 13 Commerce Street From Erik Swenson For $6.7M
13 Commerce Street
$6,700,000
$3,545/SF
Building Size
1,890 SF
Asset Type
MultiFamily
Closing
Aug 3, 2026
About this deal
AI
Mark Gottwald acquired a 1,890-square-foot multifamily property at 13 Commerce Street in Manhattan's West Village. The property is situated in a prominent market and was sold for $6.7 million, reflecting a price per square foot of $3,545.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,700,000
- Address: 13 Commerce Street
- Market: West Village, Manhattan
- Square Footage: 1,890
- Price Per Square Foot: $3,545
- Buyer: Mark Gottwald
- Seller: Erik Swenson
- Date of Sale: August 3, 2026
Erik Swenson was the seller in the transaction where Mark Gottwald was the buyer. The deal showcases an acquisition within a competitive market in Manhattan's West Village, reflecting a significant investment in multifamily real estate.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93