UBS Acquires Mixed-Use Property In East Village For $34M
19 Saint Marks Place, Manhattan, New York, NY, USA
$34,000,000
$918/SF
Building Size
37,000 SF
Asset Type
Mixed-use
Closing
Apr 23, 2020
About this deal
AI
A mixed-use property located at 19 St. Marks Pl. in the East Village neighborhood has been sold in a transaction. The property consists of 41 residential units and 5 retail units, with a total of 37,000 square feet. The sale took place on April 24, 2020, and the property was purchased by UBS from Cape Advisors. The sale price for the property was $34,000,000, resulting in a price per square foot of $918.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $34,000,000
- Address: 19 St. Marks Pl.
- Market: East Village
- Buyer: UBS
- Seller: Cape Advisors
- Brokers: Jeff Julien, Rob Hinckley, Steve Rutman, Guthrie Garvin - JLL
The deal was facilitated by JLL, with brokers Jeff Julien, Rob Hinckley, Steve Rutman, and Guthrie Garvin representing the parties involved in the transaction. The property's diverse mix of residential and retail units adds to its appeal in the East Village market. This successful sale highlights the strong demand for mixed-use properties in this area.
On the Map
$34,000,000
$918/SF
Mixed-use
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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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93