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301 E Houston St, New York,...

Hildreth Real Estate Advisors Acquires Mixed-Use Building On Lower East Side For $2.6M
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

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

David Shorenstein

Hildreth Real Estate Advisors

Buyer

$187.3M

vol

60 deals

Buyer

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