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Premier Equities Sells Retail Condo In East Village, Manhattan For $14.2M
SOLD
$14,250,000
New York
See Similar DealsCondo5,886 SF
Sold
SOLD
Premier Equities Sells Retail Condo In East Village, Manhattan For $14.2M
45 E 7th St New York, NY 10003, USA
See Similar DealsCondo5,886 SF
Sold
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,421
Total Square Footage:5,886 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$760,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,627.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,552.27
Annual Debt Service$810,627.24
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