Louise Pfister Sells Mixed-Use Property In East Village For $3.5M
SOLD
$3,500,000
New York
See Similar DealsMixed-use3,675 SF
Sold 10/22/2020
SOLD
Louise Pfister Sells Mixed-Use Property In East Village For $3.5M
349 East 13th Street, Manhattan, New York, NY, USA
See Similar DealsMixed-use3,675 SF
Sold 10/22/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$952
Total Square Footage:3,675 SF
Transaction Type:Sale
A mixed-use property located at 349 East 13th Street in the East Village has been sold for $3,500,000. The property has a building square footage (BSF) of 6,249, resulting in a price per building square footage (PPBSF) of $560. The total square footage (SF) of the property is 3,675, with a price per square footage (PPSF) of $952. The property is zoned as C1-7A and falls under tax class 2A.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,500,000
- BSF: 6,249
- PPBSF: $560
- SF: 3,675
- PPSF: $952
- Market: East Village
- Zoning: C1-7A
The property was sold by Louise Pfister. The buyer's identity has not been disclosed. The transaction was facilitated by Brandon Polakoff from Avison Young, who represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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