Better Living Properties Acquires Mixed-use Property In Lower East Side For $3.6M With Buyer's Rep Shlomo Gelernter & Jay Bernstein
SOLD
$3,625,000
+ 2
New York
See Similar DealsMixed-use8,226 SF
Sold 05/19/2022
SOLD
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
See Similar DealsMixed-use8,226 SF
Sold 05/19/2022
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$440
Total Square Footage:8,226 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$193,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,878.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,184.35
Annual Debt Service$206,212.19
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