Biscuit Entertainment Co., Ltd., paid Goldberg Group’s Vandelay 60 Greenwich LLC $9 million for 60 Greenwich Avenue in West Village. The deal closed on September 24, 2019, and was recorded on October 3, 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 7,184 square feet. The parcel(s) have total development potential of 7,184 square feet.
The average sale price per square foot is $1,615.
The estimated cap rate is 4.8%
The last time the property sold was December 18, 2014, for $7,000,000.
Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $64,141. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $182,458. Those filings sought to increase the number of residential units by 11 to 14.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link