Revere Capital Sells Mixed-Use Asset At 16 East 18th Street In Manhattan For $16.3M
16 East 18th Street
$16,300,000
$804/SF
Building Size
20,258 SF
Asset Type
Mixed-use
Closing
Apr 16, 2026
About this deal
AI
The mixed-use property located at 16 East 18th Street in Manhattan has been sold for $16,300,000. The asset encompasses a total area of 20,258 square feet, resulting in a price per square foot of $804.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $16,300,000
- Address: 16 East 18th Street
- Market: Manhattan
- Square Footage: 20,258
- Price per Square Foot: $804
- Seller: Revere Capital
- Brokers: Eric Karmitz, Ryan McGuirl, Brandon Polakoff, Noah Kossoff & David Shalom - Avison Young
The transaction was facilitated by a team of brokers from Avison Young, including Eric Karmitz, Ryan McGuirl, Brandon Polakoff, Noah Kossoff, and David Shalom, who represented the seller, Revere Capital, in the deal.
On the Map
$16,300,000
$804/SF
Mixed-use
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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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93