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16 East 18th Street

Revere Capital Sells Mixed-Use Asset At 16 East 18th Street In Manhattan For $16.3M
SOLDMixed-use

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:

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

David Shalom

Avison Young

Broker

$552.8M

vol

38 deals

Broker
Revere Capital
Revere CapitalSeller

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