Top Price for 18 West Village Apartments

A local investor paid $11.6 million for a five-story building in Manhattan’s West Village neighborhood. That works out to a price of more than a half-million dollars per unit for the building’s 18 apartments and two retail storefronts.

“After generating 18 offers in writing in a 30-day period, we ended up selling the building to a generational owner in the neighborhood who sees the current market as a great opportunity,” said Matt Fotis, a broker with Marcus & Millichap, which exclusively marketed the 1910 property on behalf of the seller, a limited liability company, and procured the buyer.

The studio and one-bedroom apartments are close to the famous High Line park. “321 W. 11th St. is good example of prime locations maintaining high values as the market transitions,” said Fotis.

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