Hendrix haunt sold.A three-story corner building--and home to the legendary Cafe Wha where Jimi Hendrix Noun 1. Jimi Hendrix - United States guitarist whose innovative style with electric guitars influenced the development of rock music (1942-1970) Hendrix, James Marshall Hendrix and Bob Dylan Noun 1. Bob Dylan - United States songwriter noted for his protest songs (born in 1941) Dylan began their careers--at 115 MacDougal Street in Manhattan's Greenwich Village Greenwich Village (grĕn`ĭch), residential district of lower Manhattan, New York City, extending S from 14th St. to Houston St. and W from Washington Square to the Hudson River. was sold by Massey Knakal Realty Services in an all-cash transaction valued at $6,750,000. "The Players Theater is one of the last operating theaters in Greenwich Village," said Massey Knakal partner James Nelson For other uses, see James Nelson (disambiguation). James "Jimmy" Nelson (born 7 January 1901; died 8 October 1965) was a Scottish international footballer who played for Cardiff City and Newcastle United in the 1920s and 1930s and captained the famous Wembley Wizards , who exclusively represented the seller. "It will continue to house theater and musical performances." The 25' x 100' mixed-use property contains theater space that accommodates 248 people, Cafe Wha in the basement and rehearsal/office space on the upper two floors. It contains approximately 12.080s/f in an R7-2 zone with a C1-5 overlay. The transaction occurred at a capitalization rate Capitalization Rate According to the Appraisal Institute, it is a method used to convert an estimate of a single year's income expectancy into an indication of value in one direct step, by dividing the income estimate by an appropriate rate. of 8.88% and a gross rent multiple of 10.11. The property sold for $558.77 per square foot to a Long Island investor. Massey Knakal Realty Services was the sole broker involved in the transaction. |
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