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122 Waverly Place, Manhatta...

John Sherman Acquires 7,920 SF SFR On Waverly Place For $13M
SOLDSingle Family Residence

John Sherman Acquires 7,920 SF SFR On Waverly Place For $13M

122 Waverly Place, Manhattan, New York, NY, USA

$13,000,000

$1,641/SF

Building Size

7,920 SF

Asset Type

Single Family Residence

Closing

Jul 27, 2021

AI

A single-family residential property located at 122 Waverly Place in Greenwich Village, Manhattan has been sold for $13,000,000. The property spans 7,920 square feet, resulting in a price per square foot of $1641. Situated on a lot measuring 2,144 square feet, the property features a zoning classification of R7-2, C1-5. Previous transaction records indicate that the property was last sold for $15,940,000 on August 19, 2013. An alteration permit of type 2 was issued on November 1, 2007, suggesting modifications have been made to the property. The lot dimensions are 22 feet by 97.17 feet.

Summary of transaction details

  • Property Type: Single-family residential
  • Transaction Amount: $13,000,000
  • Market: Greenwich Village, Manhattan
  • Asset Type: SFR
  • Zoning: R7-2, C1-5

The buyer of the property is John Sherman, while the seller is Jeffrey Lederman. The transaction was facilitated by Adam Modlin and Andrew Nierenberg from the Modlin Group. It is worth noting that the property was previously sold for $15,940,000 on August 19, 2013, and an alteration permit of type 2 was issued on November 1, 2007.

Players

Andrew Nierenberg

Modlin Group

Broker

$38.3M

vol

3 deals

Broker

John Sherman

Buyer

$22.7M

vol

2 deals

Buyer

Jeffrey Lederman

Seller

$20M

vol

2 deals

Seller

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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93