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21 West 11th Street

The New School Sells Multifamily Building At 21 West 11th Street For $10.3M
SOLDMultiFamily

The New School Sells Multifamily Building At 21 West 11th Street For $10.3M

21 West 11th Street

$10,300,000

$2,550/SF

Building Size

4,038 SF

Asset Type

MultiFamily

Closing

Jul 30, 2025

AI

A two-family building located at 21 West 11th Street in Greenwich Village, Manhattan, was sold by The New School. The sale price for this multifamily asset was $10,300,000, with a total square footage of 4,038 and a price per square foot of $2,551.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,300,000
  • Address: 21 West 11th Street
  • Market: Greenwich Village, Manhattan
  • Seller: Joel Towers - The New School
  • Buyer: Hartford 2020 Trust
  • Date of Sale: July 30, 2025
  • Recorded Date: August 4, 2025

Joel Towers represented The New School in this transaction, while Hartford 2020 Trust acquired the property. The transaction reflects ongoing activity in the multifamily sector of the Greenwich Village market.

Players

TS
The New SchoolSeller

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

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93