Harley J. Neuman Acquires Multifamily Property In West Village, Manhattan For $10.5M

The multifamily property located at 16 Grove Street in West Village, Manhattan was recently sold in a closed transaction. The property, with a lot size of 1,369 and dimensions of 20.25 ft x 67.58 ft, is zoned as R6. The transaction took place on June 30, 2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $10,500,000
• Building Square Footage: 2,683
• Price per Square Foot: $3,913
• Buildable Square Footage: 3,327
• Price per Buildable Square Foot: $3,155
• Floor Area Ratio (FAR): 1.96
• Tax Class: 1

Harley J. Neuman acted as the buyer in this transaction, while Adam Rankin was the seller. The buyer and seller negotiated a price of $10,500,000 for the property, with a building square footage of 2,683. The price per square foot was $3,913. The buildable square footage of the property is 3,327, resulting in a price per buildable square foot of $3,155. The FAR for the property is 1.96, and it falls under tax class 1.