Ilan Bracha Acquires Mixed-Use Property At 169-171 1st Avenue, East Village, Manhattan For $13.4M
169 1st Avenue & 171 1st Avenue
$13,400,000
$498/SF
Building Size
26,880 SF
Asset Type
Mixed-use
Closing
Oct 6, 2023
AI
The mixed-use property located at 169-171 1st Avenue in East Village, Manhattan has been sold for a total price of $13,400,000. The property spans across 13,440 square feet, resulting in a price per square foot of $997.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $13,400,000
- Square Footage: 13,440
- Price per Square Foot: $997
- Address: 169-171 1st Avenue, East Village, Manhattan
- Buyer: Ilan Bracha
- Brokers: Nicholas Ritacco & Ilan Bracha - The Corcoran Group
Ilan Bracha has acquired the mixed-use property located at 169-171 1st Avenue. The deal was facilitated by Nicholas Ritacco and Ilan Bracha, representing The Corcoran Group.
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93