Updated Feb 11, 2025
Eric Moran Acquires Development Site At 64 East 1st Street New York For $5.4M
64 East 1st Street
$5,400,000
$1,227/SF
Building Size
4,400 SF
Asset Type
Development Site
Closing
Jan 23, 2013
About this deal
AI
The asset involved in this transaction is a development site located at 64 East 1st Street in the New York market. The property was sold for $5,400,000.00, encompassing a total square footage of 4,400.0 SF.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,400,000.00
- Address: 64 East 1st Street
- Market: New York
- Square Footage: 4,400.0
- Buyer: Eric Moran
- Broker: Michael Ferrara - Brax Realty
This transaction highlights the involvement of Michael Ferrara representing Brax Realty, who played a key role in facilitating the deal for the buyer, Eric Moran. The sale reflects the dynamics of the New York development market, showcasing the interests of individual investors in that space.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Ferrara 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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93