Connor Domershick & Max Maleh Acquire Mixed-Use Property In East Village For $3.4M
197 East 7th Street, Manhattan, New York, NY, USA
$3,425,000
$585/SF
Building Size
5,850 SF
Asset Type
Mixed-use
Closing
Feb 10, 2021
AI
The mixed-use property located at 197 E. 7th Street in the East Village has been sold in a recent transaction. The property spans 5,850 square feet and was sold for a price of $3,425,000, resulting in a price per square foot of $585. The property was listed with an asking price of $4,500,000. The sale was completed on February 11, 2021. Irene Kowalczyk was the seller of the property, while the buyers were Connor Domershick and Max Maleh.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,425,000
- Address: 197 E. 7th Street
- Market: East Village
- Square Footage: 5,850
- Price per Square Foot: $585
Brandon Thomas and Jack Harary from atitudePropertyGroup acted as the brokers representing both the buyers, Connor Domershick and Max Maleh, and the seller, Irene Kowalczyk, in this 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
4.63%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93