SOLDMixed-use
Hildreth Real Estate Advisors Acquires Mixed-Use Building On Lower East Side For $2.6M
301 E Houston St, New York, NY, USA
$2,600,000
$771/SF
Building Size
3,372 SF
Asset Type
Mixed-use
Closing
Aug 16, 2021
About this deal
AI
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].
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93