facebook
Traded Co logo
Submit

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

Property Image
SOLD
$13,000,000

New York

See Similar Deals
Single Family Residence7,920 SF
Sold 07/28/2021
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Single Family Residence7,920 SF
Sold 07/28/2021
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$1,641
Total Square Footage:7,920 SF
Transaction Type:Sale

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
3 deals$38.3M volume
BROKER


2 deals$20M volume
SELLER

Details

SOLD
IMAGE: Adam Modlin & Andrew Nierenberg DATE: 07/28/2021 ADDRESS: 122 Waverly Place MARKET: Greenwich Village,Manhattan ASSET TYPE: SFR ~ ZONING: R7-2, C1-5 BUYER: John Sherman SELLER: Jeffrey Lederman BROKER: Adam Modlin & Andrew Nierenberg - Modlin Group PRICE: $13,000,000 SF: 7,920 ~ PPSF: $1641 LOT SIZE: 2,144 LAST SALE PRICE: $15,940,000 (8/19/2013) PERMITS: Alteration type 2 (11/01/2007) LOT DIMENSIONS: 22 ft x 97.17 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$693,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59