Connor Domershick & Max Maleh Acquire Mixed-Use Property In East Village For $4M
405 E 6th St, Manhattan, New York, NY, USA
$4,000,000
$666/SF
Building Size
6,000 SF
Asset Type
Mixed-use
Closing
Feb 10, 2021
AI
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.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93