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
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
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93