SOLDMixed-use
Bryan Hurley & Michael Decheser Of Cushman & Wakefield Brokers Facilitate $5M Mixed-Use Sale In East Village
216 East 6th Street
$5,000,000
$588/SF
Building Size
8,500 SF
Asset Type
Mixed-use
Closing
May 9, 2024
AI
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.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93