Updated Dec 18, 2023
Charles Stark Acquires 27 East 11th Street In Greenwich Village, Manhattan For $35M
27 East 11th Street, New York City, New York 10003, United States
$35,000,000
$4,093/SF
Building Size
8,550 SF
Asset Type
Single Family Residence
Closing
May 31, 2022
About this deal
AI
A single-family property located at 27 East 11th Street in Greenwich Village, Manhattan has been sold in a recent transaction. The property falls under the R7-2 zoning category and has a lot size of 2,583 square feet. The building has a total square footage of 8,886, resulting in a price per square foot of $3,938. The sale price for the property was $35,000,000, making it a significant transaction in the market. The buyer of the property is Charles Stark, while the seller is Brad Jacobs. The last recorded sale price for the property was $26,000,000 on July 15, 2016.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $35,000,000
- Market: Greenwich Village, Manhattan
- Buyer: Charles Stark
- Seller: Brad Jacobs
- Lot Size: 2,583 square feet
- Last Sale Price: $26,000,000 (07/15/2016)
The property has a floor area ratio (FAR) of 3.31 and is classified under tax class 1. A permit for alterations was issued on June 25, 2014, indicating modifications made to the property. The lot dimensions are 25 feet by 103.25 feet, providing a considerable space for the single-family dwelling.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $4.1K per square foot on a published $35M for 8,550 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93