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22 Bank Street

Scott Rudin Sells West Village Townhouse To Undisclosed Buyer For $19.75 Million
SOLDSingle Family

Scott Rudin Sells West Village Townhouse To Undisclosed Buyer For $19.75 Million

22 Bank Street

$19,750,000

$4,937/SF

Building Size

4,000 SF

Asset Type

Single Family

Closing

Jan 7, 2025

AI

The property involved in the transaction is a single-family townhouse located at 22 Bank Street in the West Village. The sale was completed for a price of $19,750,000, and the property spans 4,000 square feet, translating to a price per square foot of $4,938.

Summary of transaction details:

Scott Rudin sold his townhouse, which he purchased for $17.4 million in 2019. Notably, the property was listed in 2023 and experienced several price reductions before the transaction, resulting in a discount of $6.25 million from the original asking price.

Players

Deborah Grubman

The Corcoran Group

Broker

$75.1M

vol

4 deals

Broker

New York Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93