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332 E 9th St, New York, NY ...

Renaissance Realty Group Acquires Mixed-Use Property In East Village, Manhattan For $9.6M
SOLDMixed-use

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

David Goldwasser

Seller

$39.5M

vol

5 deals

Seller

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