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13 Commerce Street

Updated Aug 24, 2026

Mark Gottwald Acquires Multifamily Property At 13 Commerce Street From Erik Swenson For $6.7M
SOLDMultiFamily

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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Deal FAQ

About $3.5K per square foot on a published $6.7M for 1,890 square feet (2026).

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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

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