Updated Sep 5, 2024
Simon Fouladian Acquires Development Site In East Village For $1.675M
534 East 5th Street, New York City, New York 10009, United States
$1,675,000
$300/SF
Building Size
5,577 SF
Asset Type
Development Site
Closing
Oct 26, 2022
About this deal
AI
An East Village development site located at 534 E 5th Street has been sold for $1,675,000. The property spans 5,577 square footage, resulting in a price per buildable square footage of $300. The transaction took place on October 27, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,675,000
- Address: 534 E 5th Street, East Village
- Market: East Village
- Buyer: Simon Fouladian
- Brokers: Robert Shapiro, Michael F. DeCheser, Bryan F. Hurley, Maurice Suede - Cushman & Wakefield
- Total Square Footage: 5,577
- Price Per Buildable Square Footage: $300
The deal was facilitated by brokers Robert Shapiro, Michael F. DeCheser, Bryan F. Hurley, and Maurice Suede, who represented Simon Fouladian as the buyer in the transaction. Cushman & Wakefield acted as the brokerage agency for the deal.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert (Rob) Shapiro to view all their deals.
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93