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218 East 9th Street

Derby Copeland Capital Sells Mixed-use Property At 218 East 9th Street For $7.25M
SOLDMixed-use

Derby Copeland Capital 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

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: Derby Copeland Capital
  • Broker: David Shalom & Brandon Polakoff

This transaction involved Derby Copeland Capital as the seller, while the brokerage firm of David Shalom and Brandon Polakoff represented the deal. The sale took place on April 1, 2025.

Players

David Shalom

Avison Young

Broker

$552.8M

vol

38 deals

Broker

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