Renaissance Realty Group Acquires Mixed-Use Property In East Village, Manhattan For $9.6M
332 E 9th St, New York, NY 10003, USA
Building Size
95,460 SF
Asset Type
Mixed-use
Closing
Feb 12, 2018
AI
The mixed-use property located at 332 East 9th Street in the East Village, Manhattan has been sold for $9,600,000. The property spans across 9,546 square feet, resulting in a price per square foot of $1,005. The seller of the property was E. 9th St. Holdings LLC, represented by David Goldwasser. On the other side, Renaissance Realty Group, represented by Adir Cohen (@mr_cohen88), acquired the property.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $9,600,000
- Address: 332 East 9th Street, New York
- Market: East Village, Manhattan
- Seller: E. 9th St. Holdings LLC – David Goldwasser
- Buyer: Renaissance Realty Group – Adir Cohen (@mr_cohen88)
Adir Cohen, who represents Renaissance Realty Group, played a key role in the transaction. David Goldwasser, representing E. 9th St. Holdings LLC, was the seller of the mixed-use property. This deal showcases the vibrant real estate market in the East Village, Manhattan.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93