Highpoint Property Group Sells Mixed-Use Asset In East Village For $13.25M
100 2nd Avenue, Manhattan, New York, NY, USA
$13,250,000
$1,640/SF
Building Size
8,078 SF
Asset Type
Mixed-use
Closing
Mar 21, 2021
AI
The mixed-use property located at 100 2nd Avenue in East Village has been sold for $13,250,000. Spanning 8,078 square feet, the property was sold at an average price of $1,640 per square foot.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $13,250,000
- Date: 03/22/2021
- Market: East Village
- Seller: Drew Popkin - @HighpointPropertyGroup
- Buyer's Representative: Kelly Waters - Compass
- Seller's Representative: Brandon Polakoff - Avison Young
- Square Footage: 8,078
- Price per square foot: $1,640
The sale of this property was facilitated by Drew Popkin of Highpoint Property Group, representing the seller, and Kelly Waters of Compass, representing the buyer. Brandon Polakoff, from Avison Young, acted as the seller's representative in the transaction.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93