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Cannon Hill Capital Partners Acquires 33 East 18th Street From Roos Family For $38M
SOLD
$38,000,000
New York
See Similar DealsMixed-use
Sold 02/25/2025
SOLD
Cannon Hill Capital Partners Acquires 33 East 18th Street From Roos Family For $38M
33 East 18th Street
See Similar DealsMixed-use
Sold 02/25/2025
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,026,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$135,005.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$180,139.39
Annual Debt Service$2,161,672.64
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