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
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