Anthony Zachariadis Acquires Mixed-Use Property In East Village, Manhattan For $4.9M
SOLD
$4,925,000
New York
See Similar DealsCommercial7,541 SF
Sold
SOLD
Anthony Zachariadis Acquires Mixed-Use Property In East Village, Manhattan For $4.9M
411 East 9th Street, New York City, New York 10009, United States
See Similar DealsCommercial7,541 SF
Sold
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$653
Total Square Footage:7541 SF
Transaction Type:Sale
A mixed-use property located at 411 E. 9th St. in the East Village of Manhattan has been sold. The transaction took place on May 18, 2022, with a sale price of $4,925,000. The property spans across 7,535 square feet and has a price per square foot of $653.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,925,000
- Address: 411 E. 9th St.
- Market: East Village, Manhattan
The buyer of the property is Anthony Zachariadis. The deal was facilitated by brokers John J. Stewart and Dylan Torey from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$262,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,497.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,347.01
Annual Debt Service$280,164.15
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