Derek Greenbaum & Larry Zombek Acquire Mixed-Use Property In Alphabet City For $3.68M
303 East 4th Street, Manhattan, New York, NY, USA
$3,678,000
$530/SF
Building Size
6,929 SF
Asset Type
Mixed-use
Closing
Nov 23, 2020
AI
The mixed-use property located at 303 East 4th Street in Alphabet City has been sold. The property has a total square footage of 6,929 and is zoned as R7A, C2-5. The transaction took place on November 24, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,678,000
- Market: Alphabet City
- Buyer: @DerekGreenbaum & Larry Zombek
- Seller: Meléndez Estate
The buyer of the property is Derek Greenbaum and Larry Zombek. The seller is the Meléndez Estate. The transaction was facilitated by Andrew Natter from @ANatter10 and Harold Fuchs from The Collaborative Group @CGroupNYC.
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
4.31%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93