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14 East 11th Street, Manhat...

Ben Here LP Acquires West Village SFR For $28M
SOLDSingle Family Residence

Ben Here LP Acquires West Village SFR For $28M

14 East 11th Street, Manhattan, New York, NY, USA

$28,000,000

$4,512/SF

Building Size

6,205 SF

Asset Type

Single Family Residence

Closing

Dec 2, 2020

AI

A single family home located at 14 East 11th Street in the West Village neighborhood was recently sold on December 3, 2020. The property, with a total square footage of 6,205, was zoned as R7-2. The sale price for this transaction was $28,000,000, resulting in a price per square foot of $4,512. It is worth noting that the property was previously sold for $21,000,000 in June 2017.

Summary of transation details

  • Property Type: Single Family Residential
  • Transaction Amount: $28,000,000
  • Address: 14 East 11th Street
  • Market: West Village
  • Total Square Footage: 6,205
  • Zoning: R7-2

The buyer in this transaction was Ben Here LP, while the seller was Village Townhouse LLC. The deal was facilitated by brokers Jeremy & Robin Stein, representing Sotheby's Realty and the Stein Team NY, respectively.

Players

Jeremy Stein

Sotheby's International Realty

Broker

$77.6M

vol

5 deals

Broker
L
LPBuyer

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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93