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230 West 11th Street, New Y...

Michael Strauss Acquires Single Family Property In West Village For $18.8M From Seller Richard L Revesz
SOLDSingle Family Residence

Michael Strauss Acquires Single Family Property In West Village For $18.8M From Seller Richard L Revesz

230 West 11th Street, New York City, New York 10014, United States

$18,800,000

$4,272/SF

Building Size

4,400 SF

Asset Type

Single Family Residence

Closing

Dec 19, 2021

AI

A single-family property located at 230 West 11 Street in the West Village neighborhood of Manhattan has been sold. The transaction took place on December 20, 2021, with a sale price of $18,800,000. The property has a total square footage of 4,400 and a price per square foot of $4,273. The lot size is 2,363 and the lot dimensions are 25 ft x 69.17 ft. The property falls under the R6 zoning category and has a floor area ratio (FAR) of 1.86. The last recorded sale of the property was on December 19, 2002, for $0.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $18,800,000
  • Building Square Footage (BSF): 5,742
  • Price per Buildable Square Foot (PPBSF): $3,274
  • Square Footage (SF): 4,400
  • Price per Square Foot (PPSF): $4,273
  • Tax Class: 1

The buyer of the property is Michael Strauss and the seller is Richard L Revesz.

Unfortunately, no additional information is available regarding the representatives or companies involved in the transaction.

Players

Michael Strauss

Vanguard Construction & Development Co.

Broker

$46.2M

vol

5 deals

Broker
Michael Strauss

Michael Strauss

Buyer

$46.2M

vol

5 deals

Buyer

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

0.84%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93