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Derby Copeland Capital Acquires Mixed-Use Property In East Village For $5.1M

Property Image
SOLD
$5,100,000
David Shalom
Brandon Polakoff
+ 2

New York

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Mixed-use5,382 SF
Sold 10/14/2021
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Property Image
SOLD

Derby Copeland Capital Acquires Mixed-Use Property In East Village For $5.1M

218 East 9th Street, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use5,382 SF
Sold 10/14/2021
David Shalom
Brandon Polakoff
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$947
Total Square Footage:5,382 SF
Transaction Type:Sale

An all cash transaction took place in East Village, Manhattan, where Derby Copeland Capital, a New York City based private equity firm, purchased a mixed-use property for $5,100,000. The property, located at 218 East 9th Street, spans across 5,382 square feet with a price per square foot of $948. The seller, Hollander Trust - Lisa Holland, sold the property to Derby Copeland Capital.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,100,000
  • Address: 218 East 9th Street, East Village, Manhattan
  • Market: East Village, Manhattan
  • Buyer: Derby Copeland Capital
  • Seller: Hollander Trust - Lisa Holland

Handling the deal were brokers Brandon Polakoff, David Shalom, Eric Karmitz, and Ryan McGuirl from Avison Young. Derby Copeland Capital, specializing in opportunistic real estate related debt financing and equity investments, acquired the property from a long-term family ownership group. For loan, preferred equity, and equity opportunities, interested parties can reach out to Derby Copeland Capital at [email protected].

Players

David Shalom
38 deals$552.8M volume(212) 230-5948
BROKER

Eric Karmitz
Avison Young
36 deals$767.7M volume
BROKER

Brandon Polakoff
Avison Young
123 deals$1.8B volume
BROKER

Ryan McGuirl
Avison Young
60 deals$804.5M volume(212) 858-9361
BROKER


BridgeCity Capital
LENDER

Details

SOLD
IMAGE: Ryan McGuirl, David Shalom, Brandon Polakoff & Eric Karmitz DATE: 10/14/2021 ADDRESS: 218 East 9th Street MARKET: East Village, Manhattan ASSET TYPE: Mixed-use BUYER: Derby Copeland Capital SELLER: Hollander Trust - Lisa Holland BROKERS: Brandon Polakoff (@BFPolly), David Shalom (@D_Shal), Eric Karmitz & Ryan McGuirl - Avison Young SALE PRICE: $5,100,000 SF: 5,382 ~ PPSF: $948 NOTE FROM BUYER: Derby Copeland Capital purchased the property all cash from a long term family ownership group. Derby Copeland Capital is a New York City based private equity firm that specializes in opportunistic real estate related debt financing & equity investments. Please send any loan, preferred equity & equity opportunities to [email protected].

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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