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18 20 East 13th Street

Mitsu Family Purchases Mixed-Use Property At 18-20 East 13th Street For $24.9M
SOLDMixed-use

Mitsu Family Purchases Mixed-Use Property At 18-20 East 13th Street For $24.9M

18 20 East 13th Street

$24,900,000

$1,572/SF

Building Size

15,835 SF

Asset Type

Mixed-use

Closing

Aug 20, 2025

AI

The asset involved in this transaction is a mixed-use property located at 18-20 East 13th Street in the Greenwich Village market. The sale price was $24,900,000, which breaks down to approximately $2,490,000 per unit across 10 units. The total square footage of the property is 15,835, resulting in a price per square foot of $1,572.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $24,900,000
  • Address: 18-20 East 13th Street
  • Market: Greenwich Village
  • Units: 10
  • Price Per Unit: $2,490,000
  • Total Square Footage: 15,835
  • Price Per Square Foot: $1,572
  • Buyer: Mitsu Family
  • Brokers: Kevin Esh & Michael Sherman - Baseline Real Estate Advisors

The key individuals involved in the deal include the Mitsu Family, who acted as the buyer, along with brokers Kevin Esh and Michael Sherman, representing Baseline Real Estate Advisors in the transaction.

Players

Kevin Esh

Baseline Real Estate Advisors

Broker

$78.3M

vol

7 deals

Broker
Baseline Real Estate Advisors
Baseline Real Estate Advisors Brokerage

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

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93