David Pfeffer Acquires Vacant Building In Manhattan For $7.25M
27 East 20th Street, Manhattan, New York, NY, USA
$7,250,000
$1,394/SF
Building Size
5,200 SF
Asset Type
Mixed-use
Closing
Feb 1, 2018
About this deal
AI
In Manhattan, a vacant building located at 27 East 20th Street has been sold for $7,250,000. The property spans 5,200 square feet, resulting in a price per square foot of $1,394. The transaction took place on 02/02/18.
Summary of transaction details
- Property Type: Vacant Building
- Transaction Amount: $7,250,000
- Seller: Silvershore Properties - David Shorenstein and Jason Silverstein
- Buyer: David Pfeffer
- Broker: Eastern Consolidated's Jonathan Schwartz and Adelaide Polsinelli
The buyer, David Pfeffer, acquired the vacant building from Silvershore Properties, represented by David Shorenstein and Jason Silverstein. The deal was facilitated by Jonathan Schwartz and Adelaide Polsinelli of Eastern Consolidated.
On the Map
$7,250,000
$1,394/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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93