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Tompkins Square Portfolio

Kriger Family Sells East Village Mixed Use Portfolio For $29M
SOLDMixed-use

Kriger Family Sells East Village Mixed Use Portfolio For $29M

$29,000,000

$924/SF

Building Size

31,382 SF

Asset Type

Mixed-use

Closing

Dec 23, 2022

AI

The Tompkins Square Portfolio in the East Village has been sold for a total of $29 million. The portfolio consists of five buildings, including 141 Avenue A, 440 East 9th Street, 438 East 9th Street, 413 East 9th Street, and 153 Avenue A. The total square footage of the properties is 31,382, resulting in a price per square foot of $924. The seller of the portfolio is the Kriger Family.

Summary of transation details

  • Property Type: Mixed Use
  • Transaction Amount: $29,000,000
  • Address: 141 Avenue A, 440 East 9th Street, 438 East 9th Street, 413 East 9th Street, 153 Avenue A
  • Market: East Village

The sale of the Tompkins Square Portfolio was facilitated by Zachary Ziskin, Adam Lobel, Justin Zeitchik, and Eli Zempsky from Investment Property Realty Group (IPRG). For more information about the portfolio, interested parties can contact Zachary Ziskin at 718.360.0969.

Photos of the properties included in the portfolio are available, with photo 1 showcasing 141 Avenue A and 438-440 East 9th Street, photo 2 featuring 413 E 9th Street, and photo 3 exhibiting 153 Avenue A.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93