Hildreth Real Estate Advisors Acquires Mixed-Use Building On Lower East Side For $2.6M
SOLD
$2,600,000
+ 1
New York
See Similar DealsMixed-use3,372 SF
Sold 08/17/2021
SOLD
Hildreth Real Estate Advisors Acquires Mixed-Use Building On Lower East Side For $2.6M
301 E Houston St, New York, NY, USA
See Similar DealsMixed-use3,372 SF
Sold 08/17/2021
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$771
Total Square Footage:3,372 SF
Transaction Type:Sale
Located in the Lower East Side, the mixed-use property at 301 E. Houston St. has been sold in a closed transaction. The transaction took place on 08/17/2021, with the property being acquired by Hildreth Real Estate Advisors. The buyer's representatives involved in the deal include David Shorenstein, Jason Breitstone, Max Padway, and Ethan Frank. The seller of the property is Louis Wintermayer and Tanner Garland.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,600,000
- Square Footage: 3,372
- Price per Square Foot: $771
Hildreth Real Estate Advisors, represented by David Shorenstein, Jason Breitstone, Max Padway, and Ethan Frank, has actively expressed their interest in acquiring free-market, mixed-use buildings in Manhattan. They are capable of closing deals with all-cash within 30 days. For any new opportunities, please contact them at 📧 [email protected].
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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