Son Dinh Tran pays $11.2M for 34-unit rental in Greenwich Village

Son Dinh Tran through the entity 218-220 Thompson Holdings LLC paid $11.2 million to 218 Thompson Street LLC through the entity 218 Thompson Street, LLC for 34-unit rental (C7) at 218-220 Thompson Street in Greenwich Village, Manhattan.
The deal closed on October 28, 2021 and was recorded on November 23, 2021.
The property has 18,375 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $609 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for 218 Thompson Street LLC was Michael R. Nerenberg. The signatory for Son Dinh Tran was Son Dinh Tran.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $131,202.

The owners according to the Department of Housing Preservation and Development includes Ira Mickenberg, head officer and Dylan Pichulik, officer. The business entities are Xl Real Property Management and 218 Thompson Street Llc.

Within a 400-foot radius of 218-220 Thompson Street, PincusCo identified seven commercial real estate items of interests occurred over the past 24 months.
Of those seven items, two were sales above $5 million totaling $40.8 million. The most recent of the two was Davean Holdings which bought the 4,163-square-foot, nine-unit rental (C5) on 235 Sullivan Street for $5.1 million from Andre Grabowicz on October 8, 2021.
Of those seven items, five were loans above $5 million totaling $52.7 million. The most recent of the five was Anthony C. Marano which borrowed $5.6 million from ConnectOne Bank secured by one condo unit in the four-unit mixed-use building (RM) on 70 West 3rd Street and one other property on June 11, 2021.

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