Sells Mixed-use Property At 218 East 9th Street For $7.25M
218 East 9th Street
$7,250,000
$1,475/SF
Building Size
4,914 SF
Asset Type
Mixed-use
Closing
Apr 1, 2025
About this deal
AI
A mixed-use property located at 218 East 9th Street was sold at a price of $7,250,000. The asset encompasses a total area of 4,914 square feet, resulting in a price per square foot of $1,475. The transaction took place in the East Village market of Manhattan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,250,000
- Square Footage: 4,914
- Price per Square Foot: $1,475
- Address: 218 East 9th Street
- Market: East Village, Manhattan
- Seller:
- Broker: David Shalom & Brandon Polakoff
This transaction involved as the seller, while the brokerage firm of David Shalom and Brandon Polakoff represented the deal. The sale took place on April 1, 2025.
On the Map
$7,250,000
$1,475/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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93