Andy Feinberg Of @AckmanZiff Acquires Mixed-Use Property In East Village, Manhattan With $11.25M Acquisition Loan
34 East 4th Street, Manhattan, New York, NY, USA
$11,250,000
$584/SF
Building Size
19,240 SF
Asset Type
Mixed-use
Closing
Oct 5, 2021
About this deal
AI
A mixed-use property located at 34-36 East 4th Street in the East Village neighborhood of Manhattan has been involved in a recent transaction. The property spans a total area of 19,240 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $11,250,000
- Address: 34-36 East 4th Street, East Village, Manhattan
- Market: East Village, Manhattan
The lender for this transaction was Maxim Capital Group. The landlord's identity has not been disclosed. The deal was facilitated by Andy Feinberg of Ackman-Ziff, who represented the buyer.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93