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30 East 14th Street, Manhat...

Updated Oct 28, 2024

Witnick Real Estate Partners, Namdar Realty Group & Gorjian Real Estate Group Acquire Mixed-Use Property In Greenwich Village, Manhattan For $23.5M
SOLDMultiFamily

Witnick Real Estate Partners, Namdar Realty Group & Gorjian Real Estate Group Acquire Mixed-Use Property In Greenwich Village, Manhattan For $23.5M

30 East 14th Street, Manhattan, New York, NY, USA

$23,500,000

$1,124/SF

Building Size

20,900 SF

Asset Type

MultiFamily

Closing

Jun 15, 2021

About this deal

AI

The mixed-use property located at 30 East 14 Street in Greenwich Village, Manhattan has been sold in a recent transaction. The property has a lot size of 50 ft x 103.25 ft and offers a total building square footage (BSF) of 51,630. The price for this transaction was $23,500,000, resulting in a price per BSF (PPBSF) of $455. The building itself occupies 20,910 square feet, leading to a price per square foot (PPSF) of $1,123.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $23,500,000
  • Market: Greenwich Village, Manhattan
  • Buyer: Witnick Real Estate Partners, Namdar Realty Group, & Gorjian Real Estate Group
  • Seller: The Dadon Family & Jenel Management

The buyers in this transaction were represented by their respective brokers, maintaining a professional relationship throughout the deal. The mixed-use property at 30 East 14 Street attracted the attention of Witnick Real Estate Partners, Namdar Realty Group, and Gorjian Real Estate Group, who joined forces to make the purchase. On the other side of the deal, The Dadon Family and Jenel Management represented the sellers.

Players

Witnick Real Estate Partners
Witnick Real Estate PartnersBuyer
Jenel Management
Jenel ManagementSeller
Axos Bank
Axos BankLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $23.5M for 20,900 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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