Premier Equities Sells Retail Condo In East Village, Manhattan For $14.2M
45 E 7th St New York, NY 10003, USA
$14,250,000
$2,421/SF
Building Size
5,886 SF
Asset Type
Condo
Closing
Jul 21, 2023
AI
The retail condo at 45 East 7th Street in East Village, Manhattan was sold for a total of $14,250,000. The property has a total square footage of 5,886, resulting in a price per square foot of $2,421. The transaction took place on July 21, 2023. The seller of the condo was Premier Equities' Premier 119-121 2nd Avenue LLC.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $14,250,000
- Address: 45 East 7th Street
- Market: East Village, Manhattan
Yaron Jacobi from Premier Equities acted as the seller's representative in this transaction.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93