Updated Dec 21, 2023
Marc S. Brodsky Acquires Multifamily Property In Greenwich Village, Manhattan For $9.75M
40 West 11th Street, New York City, New York 10011, United States
$9,750,000
$2,658/SF
Building Size
3,667 SF
Asset Type
MultiFamily
Closing
Oct 18, 2022
About this deal
AI
A multifamily property located at 40 West 11th Street in Greenwich Village, Manhattan, has been sold in a closed transaction. The property is zoned as R6 and has a lot size of 2,037 square feet. The sale took place on October 19, 2022, with a sale price of $9,750,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,750,000
- Market: Greenwich Village, Manhattan
- Buyer: Marc S. Brodsky
- Seller: Charles I Johnston
- Building Square Footage: 3,667 square feet
- Price per Square Foot: $2,658
- Building Square Footage (BSF): 4,950
- Price per Building Square Foot (PPBSF): $1,969
- Floor-Area Ratio (FAR): 1.80
- Tax Class: 1
- Permits: Alteration 2 (07/26/2006)
- Lot Dimension: 21.5 ft x 94.75 ft
Marc S. Brodsky represented the buyer in this transaction. Charles I Johnston served as the seller. The property was previously altered in 2006, and it is classified as tax class 1. With its desirable location in Greenwich Village, Manhattan, this multifamily property offers a prime investment opportunity.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Marc S. Brodsky to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93