Timothy Walsh Acquires Multifamily Property On Sullivan Street In Greenwich Village For $8.5M

The multifamily property located at 188 Sullivan Street in Greenwich Village, Manhattan was recently sold in a closed transaction. The property has a lot size of 2,252 square feet with dimensions of 22.5 ft x 100.08 ft. The asset falls under the R7 zoning category, allowing for residential use. The property consists of 3,964 square feet and has a buildable square footage (BSF) of 7,747. The purchase price for the property was $8,500,000, resulting in a price per buildable square foot (PPBSF) of $1,097. The price per square foot (PPSF) for the existing structure is $2,144. The property's floor area ratio (FAR) is 1.76 and it falls under tax class 1.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,500,000
• Market: Greenwich Village, Manhattan
• Buyer: Timothy Walsh
• Seller: Luyen Chou

Tax class 1 indicates that the property is primarily used for residential purposes. The buyer, Timothy Walsh, acquired the property from the seller, Luyen Chou. As multifamily's representative, Timothy Walsh's broker is not mentioned in the deal. The sale of this property is a significant transaction in the Greenwich Village market. The deal showcases the demand for multifamily properties in the area and highlights the value of properties within the R7 zoning category.