Sandor Krauss Acquires West Village SFR For $11.35M
10 Bank Street, New York City, New York 10014, United States
$11,350,000
$3,436/SF
Building Size
3,303 SF
Asset Type
Single Family Residence
Closing
Jan 25, 2022
AI
A single-family residential property located at 10 Bank Street in the West Village neighborhood of Manhattan has been sold. The transaction took place on January 26, 2022. The property is zoned as R6, C1-6, indicating its usage for both residential and commercial purposes. It consists of a total of 3,303 square feet and has a buildable square footage (BSF) of 2,187. The sale price for this property was $11,350,000, resulting in a price per square foot (PPSF) of $3,436.
Summary of transaction details
- Property Type: Single-family residential (SFR)
- Transaction Amount: $11,350,000
- Address: 10 Bank Street, West Village, Manhattan
- Market: West Village, Manhattan
- Zoning: R6, C1-6
- Buyer: Sandor Krauss
- Seller: Kamran Hakim
- BSF: 2,187
- PPSF: $3,436
Sandor Krauss served as the buyer in this transaction, while Kamran Hakim was the seller. The property has a floor area ratio (FAR) of 3.67 and is classified under tax class 1. The lot size is 900 square feet, with dimensions of 15 feet by 60 feet. The property had previously undergone alterations, as evidenced by the Alteration 3 permit obtained on September 28, 2017.
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93