Updated Oct 29, 2024
Ara K Hovnanian Sells West Village SFR For $15.9M
292 West 4th Street, Manhattan, New York, NY, USA
$15,900,000
$4,387/SF
Building Size
3,624 SF
Asset Type
Single Family Residence
Closing
Dec 29, 2020
About this deal
AI
A single-family residential property located at 292 West 4 Street in the West Village was recently sold for a staggering price of $15,900,000. This property, owned by the Hovnanian Family, spans across 3,624 square feet and boasts a price per square foot of $4,387. The transaction took place on December 30, 2020.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $15,900,000
- Address: 292 West 4 Street
- Market: West Village
- Zoning: R6
This noteworthy deal showcases the demand and value of prime real estate in the West Village market. The Hovnanian Family, represented by Ara K Hovnanian, sold this luxurious property, which offers an exquisite living experience to its future occupants. The transaction demonstrates the continued growth and attractiveness of the neighborhood's real estate sector.
Players
New York Single Family Residence Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93