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13 Avenue B New York, NY 10...

Exodus Capital Brokers Sell Mixed-Use Property In East Village For $4.3M
SOLDMixed-use

Exodus Capital Brokers Sell Mixed-Use Property In East Village For $4.3M

13 Avenue B New York, NY 10009, USA

$4,300,000

$708/SF

Building Size

6,070 SF

Asset Type

Mixed-use

Closing

Jul 13, 2023

AI

A mixed-use property located at 13 Avenue B in East Village has been sold for a total of $4,300,000. The property spans a total of 6,070 square feet, with a price per square foot of $708. It consists of 6 units, resulting in a price per unit of $716,667.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $4,300,000
  • Address: 13 Avenue B, East Village
  • Size: 6,070 square feet
  • Price per square foot: $708
  • Number of units: 6
  • Price per unit: $716,667

The seller of the property was Timothy Finnerman. The deal was facilitated by Haley Hasho and Justin Conway from Exodus Capital, who acted as the brokers representing the seller in the transaction.

Players

Haley Hasho

Exodus Capital

Broker

$378.2M

vol

47 deals

Broker

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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93