An anonymous LLC with Ryan Fuld as signatory through the entity 197 Bleecker Street LLC paid Stephen Freidus and Leonard Gero’s Freidus 197 Bleecker LLC and LG 197 LLC, $5.0 million for 197 Bleecker Street in the West Village. The deal closed on October 24, 2019, and was recorded on November 1, 2019. The transaction consists of 1 parcel, including the tax class primarily one to six families with stores or offices (S9) and containing 3 residential units. The property is 2,903 square feet. The parcel(s) have total development potential of 6,941 square feet.
The average sale price per square foot is $720.
The estimated cap rate is 7.0%
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 3 residential units on October 1, 2019.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $20,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link