Connor Domershick & Max Maleh Acquire Mixed-Use Property In East Village For $4M
SOLD
$4,000,000
New York
See Similar DealsMixed-use6,000 SF
Sold 02/11/2021
SOLD
Connor Domershick & Max Maleh Acquire Mixed-Use Property In East Village For $4M
405 E 6th St, Manhattan, New York, NY, USA
See Similar DealsMixed-use6,000 SF
Sold 02/11/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$666
Total Square Footage:6,000 SF
Transaction Type:Sale
The mixed-use property located at 405 E. 6th St. in East Village has been sold for $4,000,000. The transaction took place on 02/11/2021. The property spans 6,000 square feet and has a zoning designation of R7A, C2-5. It consists of 5 units, with a price per unit of $800,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,000,000
- Market: East Village
- Address: 405 E. 6th St.
- Zoning: R7A, C2-5
The buyer for this transaction is Connor Domershick and @MaxMaleh, while the seller is Louise Pfister. The deal was facilitated by Brandon Polakoff from vision_Young_TriState.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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