facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

174 1st Avenue, New York, N...

Updated Oct 29, 2024

Drew Popkin’s Highpoint Property Acquires Mixed-Use Asset In East Village For $12.1M
SOLDMixed-use

Drew Popkin’s Highpoint Property Acquires Mixed-Use Asset In East Village For $12.1M

174 1st Avenue, New York, NY 10009, USA

Building Size

93,840 SF

Asset Type

Mixed-use

Closing

May 23, 2018

About this deal

AI

The mixed-use property located at 174 1st Avenue X in the East Village neighborhood of New York has been sold for a total price of $12,100,000. The property spans 9,384 square feet and has a price per square foot of $1,289. The seller of the property was EBMG, LLC and AMJ Equities, while the buyer was Drew Popkin's Highpoint Property.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $12,100,000
  • Square Footage: 9,384 sf
  • Price per Square Foot: $1,289
  • Seller: EBMG, LLC and AMJ Equities
  • Buyer: Drew Popkin's Highpoint Property

Drew Popkin's Highpoint Property, represented by their broker, played a key role in this transaction. The property's location at the intersection of 1st Avenue and 10th Street in the East Village adds to its appeal and market value.

Players

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Deal FAQ

Browse New York mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets