Bryan Hurley & Michael Decheser Of Cushman & Wakefield Brokers Facilitate $5M Mixed-Use Sale In East Village
SOLD
$5,000,000
New York
See Similar DealsMixed-use8,500 SF
Sold 05/09/2024
SOLD
Bryan Hurley & Michael Decheser Of Cushman & Wakefield Brokers Facilitate $5M Mixed-Use Sale In East Village
216 East 6th Street
See Similar DealsMixed-use8,500 SF
Sold 05/09/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$588
Total Square Footage:8,500 SF
Transaction Type:Sale
The mixed-use property located at 216 East 6th Street in East Village, Manhattan, was sold for $5,000,000. The property spans 8,500 square feet with a price per square foot of $588.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,000,000
- Address: 216 East 6th Street
- Market: East Village, Manhattan
- Square Footage: 8,500 SF
The sale was facilitated by Bryan Hurley and Michael Decheser from Cushman & Wakefield, who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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