9300Realty Acquires Mixed-Use Property In East Village For $5M
231 E 4th St, Manhattan, New York, NY, USA
$5,000,000
$181/SF
Building Size
27,515 SF
Asset Type
Mixed-use
Closing
Jun 16, 2020
AI
The property asset involved in the transaction is a mixed-use building located at 231 E 4th St. & 9-11 Ave. B, situated in the East Village market. The sale price was $5,000,000, with a total square footage of 27,515, translating to a price per square foot of $182.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,000,000
- Seller: Michael Chang
- Buyer: @9300Realty
- Brokers: Latitude Property Group - Brandon Thomas, Scott Dweck, Jack Harary
- Date of Sale: 06/17/2020
This transaction involved key individuals and companies, with Michael Chang selling the property to @9300Realty. The brokers representing the transaction were Brandon Thomas, Scott Dweck, and Jack Harary from Latitude Property Group.
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