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
$4,925,000
$653/SF
Building Size
7,541 SF
Asset Type
Commercial
Closing
May 17, 2022
AI
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.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.22%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93