NEW YORK—Silverstone Property Group has purchased a pair of mixed-use buildings at 143-145 West 4th Street, located between Sixth Avenue and MacDougal Street in the Greenwich Village Historic District in an all-cash transaction valued at $11.325 million.
“Multifamily offerings in Greenwich Village are exceptionally rare,” said James P. Nelson, Massey Knakal partner. “We were pleased to identify a buyer who recognized the potential for this great asset off Washington Square Park.”
Nelson represented the seller in the transaction with a team that includes Director of Sales Mitch Levine, Senior Associate Caroline Hannigan and Associate Matt Nickerson.
Part of a four-property portfolio, the two buildings taken together total approximately 21,364 sq. ft. and 46 ft. of frontage on West 4th Street. Each building has five stories.
The buildings consist of 26 units with 15 one-bedroom units, nine two-bedroom units, one three-bedroom unit and one four-bedroom unit. Of the 26 units, six are rent-stabilized.