Exodus Capital Brokers Sell Mixed-Use Property In East Village For $4.3M
SOLD
$4,300,000
New York
See Similar DealsMixed-use6,070 SF
Sold 07/13/2023
SOLD
Exodus Capital Brokers Sell Mixed-Use Property In East Village For $4.3M
13 Avenue B New York, NY 10009, USA
See Similar DealsMixed-use6,070 SF
Sold 07/13/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$708
Total Square Footage:6,070 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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