facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

337 West 11th Street, New Y...

Rita Kalimian Sakhaie Acquires Apartment In West Village, Manhattan For $35.1M
SOLDMultiFamily

Rita Kalimian Sakhaie Acquires Apartment In West Village, Manhattan For $35.1M

337 West 11th Street, New York City, New York 10014, United States

$35,062,500

$655/SF

Building Size

53,534 SF

Asset Type

MultiFamily

Closing

Apr 28, 2022

AI

An apartment located at 337 West 11th Street in the West Village neighborhood of Manhattan has been sold in a recent transaction. The property is zoned as C1-6A and has a total square footage of 53,534. The sale took place on April 29, 2022, with a purchase price of $35,062,500. The buyer of the apartment is Rita Kalimian Sakhaie, while the seller is Albert Kalimian. The apartment has a building square footage of 28,400, resulting in a price per building square footage of $1,234. The price per square foot for the entire property is $654. The apartment is classified under tax class 2 and has a floor area ratio (FAR) of 7.54. The lot size is 7,100, and the alteration permits for the apartment were obtained on October 14, 2020.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $35,062,500
  • Market: West Village, Manhattan
  • Buyer: Rita Kalimian Sakhaie
  • Seller: Albert Kalimian
  • Building Square Footage: 28,400
  • Price per Building Square Footage: $1,234
  • Total Square Footage: 53,534
  • Price per Square Foot: $654
  • Floor Area Ratio (FAR): 7.54
  • Tax Class: 2
  • Lot Size: 7,100
  • Permits: Alteration 2 (10/14/2020)
  • Lot Dimension: 115.83 ft x 75 ft

Rita Kalimian Sakhaie represented herself as the buyer in this transaction. Albert Kalimian acted as the seller. The property is situated in the sought-after West Village market of Manhattan, making it an attractive investment opportunity. With its desirable location and ample square footage, this apartment offers potential for a variety of uses. The alteration permits obtained in October 2020 indicate that the property has undergone recent renovations or modifications, adding to its appeal. This transaction represents a significant deal in the West Village market, further highlighting the desirability of the area for both buyers and sellers.

Players

Rita Kalimian Sakhaie

Buyer

$120.9M

vol

5 deals

Buyer

Albert Kalimian

Seller

$760.5M

vol

13 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93