William Gottlieb Real Estate paid $8M to Charles Dorato

William Gottlieb Real Estate through the entity 239 West 4th Street Property LLC paid Charles Dorato’s 239 W. Fourth St., Corp. $7.6 million for 1 parcel, including the tax class primarily one to six families with stores or offices (S9) and containing 2 residential units at 239 West 4 Street in West Village. The deal closed on August 21, 2019 and was recorded on September 04, 2019. The parcel(s) have total development potential of 8,727 square feet.
The average sale price per square foot is $1,344.
The estimated cap rate is 3.8%
The building last sold in 1930.

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 $40,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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