Parag Sawhney Acquires Apartment Building In Greenwich Village For $8.5M

Located in the vibrant neighborhood of Greenwich Village, Manhattan, a recent property transaction took place at 32 Cornelia Street & 76-78 Carmine Street. The apartment property, situated on a lot size of 2,783 square feet, boasts an impressive total square footage of 21,985. The buyer, Parag Sawhney, closed the deal with the seller, Alvaro Jinete, for a price of $8,525,000. With a price per square foot of $387, the property offers a great investment opportunity.

Summary of transaction details

• Property Type: Apartment
• Transaction Amount: $8,525,000
• Market: Greenwich Village, Manhattan
• Zoning: R7-2, R6, C1-5, C2-6
• Buyer: Parag Sawhney
• Seller: Alvaro Jinete
• Building Square Footage: 19,894
• Price per Building Square Foot: $428
• Total Square Footage: 21,985
• Price per Square Foot: $387
• Far: 3.34
• Tax Class: 2
• Lot Size: 2,783
• Permits: Alteration 2 (05/11/2017)
• Lot Dimensions: 30.17 ft x 92.25 ft

This transaction marks a significant milestone for both the buyer, Parag Sawhney, and the seller, Alvaro Jinete. As representatives of their respective parties, they successfully negotiated the purchase and sale of this impressive apartment property. The transaction not only demonstrates the value of the property, with a price of $8,525,000, but also highlights the potential for future returns on investment.