David Schechtman & Jonathan Schwartz Of Meridian Capital Group Facilitate Sale Of Mixed-Use Property In East Village For $8.6M
SOLD
$8,600,000
New York
See Similar DealsMixed-use19,418 SF
Sold
SOLD
David Schechtman & Jonathan Schwartz Of Meridian Capital Group Facilitate Sale Of Mixed-Use Property In East Village For $8.6M
208-210 East 7th Street
See Similar DealsMixed-use19,418 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$442
Total Square Footage:19418 SF
Transaction Type:Sale
This mixed-use property located at 208-210 East 7th Street in the East Village has been sold for a transaction amount of $8,600,000. The asset encompasses a total square footage of 19,418, which equates to a price per square foot of $442.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $8,600,000
- Address: 208-210 East 7th Street
- Market: East Village
- Square Footage: 19,418
- Price per Square Foot: $442
The deal was brokered by David Schechtman and Jonathan Schwartz, representatives from Meridian Capital Group, who facilitated the transaction for the involved parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$458,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
Annual Debt Service$489,220.65
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