Cushman & Wakefield Brokers Sell Mixed-Use Property In East Village For $19.1M
137 Avenue a
$19,100,000
$701/SF
Building Size
27,234 SF
Asset Type
Mixed-use
Closing
Dec 20, 2023
AI
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.
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93