Benjamin Newman Acquires Multifamily Property In West Village For $9.95M

The multifamily property located at 2 1/2 Grove Street in the West Village, Manhattan has been sold in a transaction dated May 12, 2022. The property is zoned as C1-6 and spans a total of 1,024 square feet. The building has a total of 3,523 buildable square feet, with a price per buildable square foot of $2,824. The total square footage of the property is 2,068, and the price per square foot is $4,811. The property has a FAR (Floor Area Ratio) of 2.02 and falls under tax class 1. The lot dimensions are 20.83 feet by 49.17 feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,950,000
• Seller: Alison C. Gaskin
• Buyer: Benjamin Newman
• Previous Sale Price: $7,300,000 (11/14/2013)
• Permits: Alteration 1 (08/02/2012)

The buyer of the property is Benjamin Newman, and the seller is Alison C. Gaskin. The property was sold for a total price of $9,950,000. The previous sale price of the property was $7,300,000, recorded on November 14, 2013. The property also had an alteration permit issued on August 2, 2012. This transaction marks a significant milestone in the property market of West Village, Manhattan.