Cannon Hill Capital Partners Acquires 33 East 18th Street From Roos Family For $38M
33 East 18th Street
$38,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Feb 25, 2025
About this deal
AI
A mixed-use property located at 33 East 18th Street in Manhattan's Flatiron District was sold for $38 million. The asset has a prominent position within the bustling market of Manhattan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $38,000,000
- Buyer: Jeff Gronning & Eric Rubin - Cannon Hill Capital Partners
- Seller: Roos family
The transaction was facilitated by the Roos family, who transferred ownership of the property to Cannon Hill Capital Partners, represented by Jeff Gronning and Eric Rubin in this closed sale.
On the Map
$38,000,000
Mixed-use
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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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93