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New York & Tri-State  + Downtown New York  + Apartments  | 

Compass’ Adelaide Polsinelli Closes on Sale of West Village Rentals

Vice chairman Adelaide Polsinelli and her Compass colleague Udi Eliasi closed on the sale of a West Village residential property at 661 Washington St. The final purchase price was $8,400,000.

“This neighborhood is best known for its concentration of some of the city’s premiere residential properties,” said Polsinelli. “With steady confidence and investment of capital, even in a pandemic, the West Village will always be a solid residential destination.”

However, getting the deal to the finish line was not without challenges, due both to New York State’s 2019 rent reforms and the impact of COVID-19 on the market. Polsinelli found a buyer who understood the new landscape and appreciated the fact that they were buying an asset that would not be attainable at any other time in the real estate cycle. 

“What better time to buy, than at the bottom of a 10-year cycle?” Polsinelli said.

 

 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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