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303 East 4th Street, Manhat...

Derek Greenbaum & Larry Zombek Acquire Mixed-Use Property In Alphabet City For $3.68M
SOLDMixed-use

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

Harold Fuchs

Broker

$133.1M

vol

9 deals

Broker
The Collaborative Group
The Collaborative GroupBrokerage

Larry Zombek

Buyer

$11.3M

vol

4 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

4.31%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93