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:
- Property Type: Single Family
- Transaction Amount: $19,750,000
- Address: 22 Bank Street
- Market: West Village
- Square Footage: 4,000
- Price per Square Foot: $4,938
- Seller: Scott Rudin
- Broker: Deborah Grubman - The Corcoran Group
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.
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