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405 E 6th St, Manhattan, Ne...

Connor Domershick & Max Maleh Acquire Mixed-Use Property In East Village For $4M
SOLDMixed-use

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

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker

Connor Domershick

Conway Capital

Buyer

$57M

vol

15 deals

Buyer

Louise Pfister

Seller

$17.9M

vol

3 deals

Seller

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