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
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.
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