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
About this deal
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.
The mixed use sale at 216 East 6th Street in New York, New York sold for $5M in 2024. The building is 8,500 square feet, implying about 588 per square foot on the published price. Michael Decheser, Bryan Hurley, Cushman & Wakefield appear on the sale alongside Cushman & Wakefield. This page is the New York, New York file for the 216 East 6th Street mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 216 East 6th Street around 2024. Published consideration for 216 East 6th Street is $5M, dated 2024. Cite this Bryan Hurley & Michael Decheser Of Cushman & Wakefield Brokers Facilitate $5M Mixed-Use Sale In East Village sale when underwriting similar mixed use product around New York, New York.
On the Map
$5,000,000
$588/SF
Mixed-use
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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