Cushman & Wakefield Brokers Sell Mixed-Use Property In East Village For $22M
156 East 7th Street, New York City, New York 10009, United States
$22,000,000
$708/SF
Building Size
31,050 SF
Asset Type
Mixed-use
Closing
Aug 22, 2022
About this deal
AI
The mixed-use property located at 156-160 & 162 East 7th Street in the East Village has been sold for a total of $22,000,000. The transaction took place on August 23, 2022. The property spans 31,050 square feet, with a price per square foot of $708.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $22,000,000
- Market: East Village
- Address: 156-160 & 162 East 7th Street
- Brokers: Michael F. DeCheser & Bryan F. Hurley - Cushman & Wakefield
- Square Footage: 31,050
- Price per Square Foot: $708
Michael F. DeCheser and Bryan F. Hurley from Cushman & Wakefield represented the parties involved in the transaction. They were the brokers for this deal.
Players
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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93