NEW YORK CITY—A 17,000-sq.-ft., 30-unit residential apartment building in Greenwich Village at 227-29 Waverly Place, also known as 184 Seventh Avenue South, has just traded for $10.7 million to Renaissance Properties.
Situated directly across from the Rudin family’s recently approved mixed-use luxury development at St. Vincent’s, the transaction was co-brokered by Eastern Consolidated and Massey Knakal.
Eastern Consolidated’s Alan P. Miller, executive managing director, and Paul J. Nigido, senior financial analyst, together with Massey Knakal’s James Nelson, partner, acted on behalf of seller Barnel Apartments, Inc. in the transaction. Miller, along with Roberto F. Ortiz, senior director at Eastern Consolidated, represented Renaissance Properties.
227-29 Waverly offers protected natural light on all four sides of the building. Located between Perry Street and West 11th Street, the property is positioned on one of the Village’s historic streets. The rear of the building is exposed as it fronts on Seventh Avenue South offering light into the back apartments. Adjacent to both the north and south of the property on Seventh Avenue South are areas which will not be developed both because of their size and shape, as well as their location in the Greenwich Village Historical District.