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A Mighty Elk Arrives LLC Acquires SFR In West Village For $16.35M

Property Image
SOLD
$16,350,000

New York

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Single Family Residence4,644 SF
Sold 08/12/2021
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Property Image
SOLD

A Mighty Elk Arrives LLC Acquires SFR In West Village For $16.35M

76 Washington Place, Manhattan, New York, NY, USA

See Similar Deals
Single Family Residence4,644 SF
Sold 08/12/2021
Contact now

Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$3,520
Total Square Footage:4,644 SF
Transaction Type:Sale

Located in the West Village, this single-family residence at 76 Washington Place was recently sold for a staggering price of $16,350,000. Spanning across 4,644 square feet, the property offers a spacious living space for its new owner. The sale price amounts to an impressive $3,520 per square foot, reflecting the premium value of this exclusive property.

Summary of Transaction Details

  • Property Type: SFR
  • Transaction Amount: $16,350,000
  • Address: 76 Washington Place, West Village
  • Market: West Village

The buyer of this remarkable property is A Mighty Elk Arrives LLC, while the sellers are Bradley and Elizabeth Whitman. The transaction was facilitated by the renowned brokers Mark Amadei and Jonathan Hettinger from Sotheby's International Realty. The property's last sale, recorded in April 2006, was at a considerably lower price of $5,500,000, highlighting the significant appreciation in value over the years.

Players

Jonathan Hettinger
2 deals$35.4M volume(305) 801-8221
BROKER

Mark (Thomas) Amadei
Sotheby's International Realty
3 deals$41.4M volume
BROKER

Details

SOLD
IMAGE: Mark Amadei & Jonathan Hettinger DATE: 08/12/2021 ADDRESS: 76 Washington Place MARKET: West Village ASSET TYPE: SFR BUYER: A Mighty Elk Arrives LLC SELLER: Bradley & Elizabeth Whitman BROKER: Mark Amadei (@MTNYC) & Jonathan Hettinger (@Jonathan.Hettinger) - Sotheby’s International Realty (@SothebysRealty) SALE PRICE: $16,350,000 SF: 4,644 ~ PPSF: $3,520 LAST SALE PRICE: $5,500,000 (4/2006)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$871,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$58,088.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,507.34
Annual Debt Service$930,088.10