Cushman & Wakefield Brokers Sell Mixed-Use Property In East Village For $19.1M
SOLD
$19,100,000
New York
See Similar DealsMixed-use27,234 SF
Sold 12/20/2023
SOLD
Cushman & Wakefield Brokers Sell Mixed-Use Property In East Village For $19.1M
137 Avenue a
See Similar DealsMixed-use27,234 SF
Sold 12/20/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$701
Total Square Footage:27,234 SF
Transaction Type:Sale
The mixed-use property located at 137 Avenue A in East Village, Manhattan has been sold for a price of $19,100,000. The property spans across 27,234 square feet, resulting in a price per square foot of $701.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $19,100,000
- Address: 137 Avenue A, East Village, Manhattan
- Market: East Village, Manhattan
- Brokers: Bryan Hurley & Michael Decheser - Cushman & Wakefield
- SF: 27,234
- PPSF: $701
The deal was facilitated by Bryan Hurley and Michael Decheser, who represented the parties involved in the transaction on behalf of Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,018,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,858.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,543.74
Annual Debt Service$1,086,524.93
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