SOLDMixed-use
Better Living Properties Acquires Mixed-use Property In Lower East Side For $3.6M With Buyer's Rep Shlomo Gelernter & Jay Bernstein
37 East 1st Street, New York City, New York 10003, United States
$3,625,000
$440/SF
Building Size
8,226 SF
Asset Type
Mixed-use
Closing
May 18, 2022
AI
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,625,000
- Address: 37 E. 1st St.
- Market: Lower East Side
- Square Footage: 6,855
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
4.38%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93