SOLD
TARGO Capital Partners Acquires Mixed-Use Property In West Village For $5.2M
37-43 8th Avenue
Mixed-use
5,806 SF
5,806 SF
Summary
Sale
NEW YORK
Mixed-use
5,806 sqft
A mixed-use property located at 37-43 8th Avenue in the West Village has been sold for a price of $5,192,000. The property spans 5,806 square feet and was purchased by TARGO Capital Partners from Dalan Management. The sale reflects a price per square foot of $894.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $5,192,000
- Address: 37-43 8th Avenue
- Market: West Village
TARGO Capital Partners, represented by David Gleitman and Adam Basuljevic, acquired this fully leased property in the prime West Village neighborhood at a 5.0% in-place capitalization (CAP) rate. TARGO plans to enhance the value of the residential portion of the property. This acquisition marks their second investment in the West Village area in recent months, as they actively seek multifamily and mixed-use assets in Downtown Manhattan. For any potential deals, they can be contacted at [email protected].
Read LessDetails
SOLD
IMAGE: David Gleitman & Adam Basuljevic
DATE: 09/21/2021
ADDRESS: 37-43 8th Avenue
MARKET: West Village
ASSET TYPE: Mixed-use
BUYER: TARGO Capital Partners (@TargoCP) - @DavidGleitman & @AdamBasuljevic
SELLER: Dalan Management
SALE PRICE: $5,192,000
SF: 5,806 ~ PPSF: $894
NOTE FROM @TargoCP: Fully leased property in prime West Village purchased at a 5.0% in-place CAP rate. TARGO intends to add significant value to the residential portion. This is our second acquisition in the West Village over the past few months, & we continue to look for multifamily & mixed-use assets in Downtown Manhattan. Please send all deals to:
📧 [email protected].View on map
Loading...
Address37-43 8th Avenue
Comparables
Reset filters to show results.