Alon Eden Acquires Mixed-Use Property At 114 East 1st Street For $7.3M With Birchwood Management
114 1st Avenue
$7,300,000
$1,352/SF
Building Size
5,397 SF
Asset Type
Mixed-use
Closing
Aug 13, 2026
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 114 East 1st Street in the East Village market. The sale price was $7,300,000, with a total square footage of 17,610, resulting in a price per square foot of $415.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,300,000
- Square Footage: 17,610
- Price Per Square Foot: $415
- Buyer: Alon Eden
- Seller: Birchwood Management
- Brokers: Aaron Jungreis, Ben Khakshoor, & Alex Fuchs - Rosewood Realty Group
In this transaction, the key individuals involved include Alon Eden as the buyer and Birchwood Management serving as the seller. The brokers representing the deal from Rosewood Realty Group are Aaron Jungreis, Ben Khakshoor, and Alex Fuchs.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93