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The New School Sells Multifamily Building At 21 West 11th Street For $10.3M
SOLD
$10,300,000
New York
See Similar DealsMultiFamily4,038 SF
Sold 07/30/2025
SOLD
The New School Sells Multifamily Building At 21 West 11th Street For $10.3M
21 West 11th Street
See Similar DealsMultiFamily4,038 SF
Sold 07/30/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$2,550
Total Square Footage:4,038 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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