Edifice NYC Management Acquires Mixed-Use Property In East Village For $4.4M
337 East 9th New York NY
$4,400,000
$582/SF
Building Size
7,560 SF
Asset Type
Mixed-use
Closing
Nov 3, 2022
About this deal
AI
337 East 9th, located in the East Village, was recently sold in a mixed-use property transaction. The property spans 7,560 square feet and was sold for a total of $4,400,000, resulting in a price per square foot of $582. The transaction took place on November 3, 2022.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $4,400,000
- Market: East Village
The buyer, Edifice NYC Management, represented by Dana Lowey and Holliswood Development, successfully acquired the property. On the other hand, the seller, Ramer & Saperstein, completed the transaction. The deal was facilitated by brokers Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Alex Fuchs to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93