Derby Copeland Capital Acquires Mixed-Use Property In East Village For $5.1M
218 East 9th Street, Manhattan, New York, NY, USA
$5,100,000
$947/SF
Building Size
5,382 SF
Asset Type
Mixed-use
Closing
Oct 14, 2021
About this deal
AI
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].
On the Map
$5,100,000
$947/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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93