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251 West 11th Street, New Y...

Benjamin Gammell Acquires West Village SFR For $6.8M From Seller Lee Hunt And Marilyn Lue
SOLDSingle Family Residence

Benjamin Gammell Acquires West Village SFR For $6.8M From Seller Lee Hunt And Marilyn Lue

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

$6,800,000

$2,728/SF

Building Size

2,492 SF

Asset Type

Single Family Residence

Closing

Sep 12, 2021

AI

The property located at 251 West 11 Street in the West Village has been sold in a recent transaction. The single-family residence (SFR) with R6 zoning has a total buildable area of 3,402 square feet (BSF) and a price per buildable square foot (PPBSF) of $1,998. The property itself spans 2,492 square feet (SF) and has a price per square foot (PPSF) of $2,728. The lot size is 1,400 square feet, with dimensions of 25 feet by 56 feet. The transaction took place on 09/13/2021.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $6,800,000
  • Market: West Village
  • Zoning: R6
  • Tax Class: 1
  • FAR: 1.78
  • Permits: Alteration 2 (06/24/2016)

The buyer of the property is Benjamin Gammell, while the sellers are Lee Hunt and Marilyn Lue. The deal was facilitated by broker Matthew Pravda from Leslie Garfield. The transaction price for the property was $6,800,000, with a total buildable area of 3,402 square feet and a price per buildable square foot of $1,998. The property itself spans 2,492 square feet and has a price per square foot of $2,728. The lot size is 1,400 square feet, with dimensions of 25 feet by 56 feet.

Players

Matthew Pravda

Leslie Garfield

Broker

$82.2M

vol

8 deals

Broker

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

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93