25 East 11th LLC pays $13M to Mirisola family for property in West Village

25 East 11th LLC paid Mirisola family’s Charles J. Mirisola, Jr. as Successor Trustee $12.5 million for 25 East 11th Street in West Village. The deal closed on October 7, 2019, and was recorded on October 11, 2019. The transaction consists of 1 parcel, including the tax class four families (C3) and containing 4 residential units. The property is 11,081 square feet. The parcel(s) have total development potential of 11,081 square feet.
The average sale price per square foot is $1,331.
The estimated cap rate is 4.9%

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link