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9 Commerce Street, New York...

Updated Dec 21, 2023

Tami J Smith Acquires Single Family Property In West Village, Manhattan For $6.3M
SOLDSingle Family Residence

Tami J Smith Acquires Single Family Property In West Village, Manhattan For $6.3M

9 Commerce Street, New York City, New York 10014, United States

$6,300,000

$2,441/SF

Building Size

2,580 SF

Asset Type

Single Family Residence

Closing

May 24, 2022

About this deal

AI

A single-family property located at 9 Commerce Street in the West Village, Manhattan recently sold for $6,300,000. The property has a total square footage of 2,872 and a price per square foot of $2,193. The lot size is 835 square feet, with dimensions of 19.58 ft x 40 ft. The property is zoned as C2-6, with a floor area ratio (FAR) of 3.09. The previous sale of the property was recorded on March 27, 2015, with a price of $5,550,000. An alteration permit was issued on December 23, 2014.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $6,300,000
  • Buyer: Tami J Smith
  • Seller: Matthew G. Melnick
  • Price per Square Foot: $2,441
  • Market: West Village, Manhattan
  • Floor Area Ratio (FAR): 3.09
  • Tax Class: 1
  • Last Sale Price: $5,550,000 (03/27/2015)
  • Permits: Alteration 2 (12/23/2014)
  • Lot Size: 835 sqft
  • Lot Dimensions: 19.58 ft x 40 ft

The buyer in this transaction was Tami J Smith, while the seller was Matthew G. Melnick. The purchase price of $6,300,000 reflects the value of the property. The property is zoned as C2-6, allowing for various potential uses. The transaction was closed on 05/25/2022, making it a recent sale in the West Village market of Manhattan.

Players

New York Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $2.4K per square foot on a published $6.3M for 2,580 square feet (2022).

Browse New York single family residence sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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