Updated Dec 21, 2023
Darin Adler Acquires SFR In Greenwich Village For $15M
53 Downing Street
$15,000,000
$2,033/SF
Building Size
7,376 SF
Asset Type
—
Closing
Feb 23, 2022
About this deal
AI
A single-family residential property located at 53 Downing Street in the Greenwich Village neighborhood of Manhattan has been sold for $15,000,000. The property has a total square footage of 7,376 and a price per square foot of $2,033. The building has a total gross square footage of 3,487, with a price per buildable square foot of $4,301. The lot size is 1,435 square feet with a FAR (Floor Area Ratio) of 5.14. The property is zoned as R6, indicating its use for residential purposes. The tax class for this property is class 1.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $15,000,000
- Address: 53 Downing Street
- Market: Greenwich Village, Manhattan
- Buyer: Darin Adler
- Seller: Steven Hafif
- Price per Square Foot: $2,033
- Total Gross Square Footage: 3,487
- Price per Buildable Square Foot: $4,301
- Lot Size: 1,435 square feet
- Last Sale Price: $7,100,000 (6/5/2014)
- Permits: Alteration 3 (10/06/2016)
- Lot Dimensions: 28.92 ft x 60.58 ft
Darin Adler has acquired the property located at 53 Downing Street in the Greenwich Village neighborhood of Manhattan. Steven Hafif was the seller in this transaction. The property previously sold for $7,100,000 on June 5, 2014. An alteration permit was issued on October 6, 2016, allowing for modifications to the property. The lot dimensions are 28.92 ft x 60.58 ft.
Players
Wellington CRE Market Snapshot
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Deal FAQ
About $2K per square foot on a published $15M for 7,376 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93