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
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