9300Realty Acquires Mixed-Use Property In East Village For $5M
SOLD
$5,000,000
New York
See Similar DealsMixed-use27,515 SF
Sold 06/17/2020
SOLD
9300Realty Acquires Mixed-Use Property In East Village For $5M
231 E 4th St, Manhattan, New York, NY, USA
See Similar DealsMixed-use27,515 SF
Sold 06/17/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$181
Total Square Footage:27,515 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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