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
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