Updated Dec 20, 2023
Sandor Krauss Acquires $14.9M SFR In Greenwich Village From Mitchell Lichtenstein
118 West 12th Street, Manhattan, New York, NY, USA
$14,940,000
$2,491/SF
Building Size
5,997 SF
Asset Type
Single Family Residence
Closing
Apr 28, 2021
About this deal
AI
The property located at 118 West 12th Street in Greenwich Village, Manhattan, was recently sold in a closed transaction. The single-family home has a total of 5,997 square feet and sits on a lot size of 2,483 square feet. The property has a zoning classification of R6, allowing for certain residential uses.
Summary of transaction details
- Property Type: SFR
- Sale Price: $14,940,000
- Building Square Footage: 5,997
- Price per Square Foot: $2,491
- Lot Size: 2,483 square feet
- Buyer: Sandor Krauss
- Seller: Mitchell Lichtenstein
The property transaction involved Sandor Krauss as the buyer and Mitchell Lichtenstein as the seller. The deal was closed on April 29, 2021. The property's floor area ratio (FAR) is 2.42, indicating the maximum allowable building size relative to the lot size. The property falls under tax class 1 for property tax purposes.
Permits for alteration type 2 were issued for the property on February 11, 2013. The lot dimensions measure 24 feet by 103.25 feet.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $14.9M for 5,997 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93