Joe Koicim Logan Markley Paige DeMutis Of Marcus & Millichap Facilitate Sale Of 212 8th Avenue For $10.3M
212 8th Avenue
$10,300,000
$1,041/SF
Building Size
9,891 SF
Asset Type
Mixed-use
Closing
Aug 13, 2026
About this deal
AI
A mixed-use property located at 212 8th Avenue in Chelsea, Manhattan has been sold for $10,300,000. The total square footage of the asset is 9,891, which results in a price per square foot of $1,041.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $10,300,000
- Address: 212 8th Avenue
- Market: Chelsea, Manhattan
- Square Footage: 9,891
- Price per Square Foot: $1,041
The deal was facilitated by brokers Joe Koicim, Logan Markley, and Paige DeMutis from Marcus & Millichap. The purchaser is recognized as a repeat client of the team and represents foreign capital investing in the New York City market. Note from broker: NYM, led by Joe Koicim, successfully closed the sale.
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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93