Magnum Real Estate pays $4.3M for 8-unit rental in West Village

Ben Shaoul’s Magnum Real Estate Group through the entity WV 244 W 11 Owner LLC paid Timothy Merjos’s 244 West 11th St. Realty Corp. $4.3 million for 244 West 11th Street in West Village. The deal closed on February 5, 2021 and was recorded on March 9, 2021. The transaction consists of 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 8 residential units. The property is 3,340 square feet.
The average sale price per square foot is $1,287.

The property last sold in 1964. The contract date was December 16, 2016. The acquisition was financed with a $3 million loan from Park-It Management owner Gary Spindler’s GHA Holdings.
Direct link to Acris document. link
The signatory for the buyer was Benjamin Shaoul.