Cushman & Wakefield Brokers $5.45M Sale Of East Village Mixed-Use Property On East 10th St
271 East 10th Street,
$5,450,000
$601/SF
Building Size
9,065 SF
Asset Type
Mixed-use
Closing
Mar 31, 2023
About this deal
AI
The mixed-use property located at 271 East 10th Street in New York City has been sold for a total price of $5,450,000. The property spans a total square footage of 9,065, which translates to a price per square foot of $601.
Summary of Transaction Details
- Property Type: Mixed-use
- Sale Price: $5,450,000
- Square Footage: 9,065
- Price per Square Foot: $601
- Address: 271 East 10th Street, New York City
The seller's representatives in this transaction were Michael Decheser and Bryan Hurley from Cushman & Wakefield, while the buyer was represented by Thomas Guss of New York Residence Inc.
Players
Market 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
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93