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53 Downing Street

Updated Dec 21, 2023

Darin Adler Acquires SFR In Greenwich Village For $15M
SOLD

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

Boundary boundary · CRE · Sale transactions

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Deal FAQ

Darin Adler bought a home in Wellington for $15M in 2022. The full closing is on this page.

About $2K per square foot on a published $15M for 7,376 square feet (2022).

Browse Wellington sales on Traded.

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

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