NEW YORK CITY-A nine-story apartment building on 11th Street in Greenwich Village has sold for a little under $18.5 million in an off-market transaction.
The property at 56-58 West 11th St., which was built in 1912, totals 31,000 square feet and includes 36 apartment units. The buyer of the building is 56 West 11th Street Realty LLC, reports The Commercial Observer.
Howard Morrel of Brown Harris Stevens arranged the off-market deal between the partnership that acquired the building and the undisclosed seller, a private trust.
Because most similar properties in the neighborhood rarely changes hands, the availability of 56-58 West 11th St. is akin to finding a “needle in a haystack,” Morrel relates. “This is a very rare find,” he adds. “It's a beautiful pre-war build on a spectacular block—one of finest in the prime NYU section of Greenwich Village.” See story in The Commercial Observer.
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