Goldman Investments Acquires Mixed-Use Property In East Village For $4.1M
SOLD
New York
See Similar DealsMixed-use4,065 SF
Sold 12/10/2020
SOLD
Goldman Investments Acquires Mixed-Use Property In East Village For $4.1M
407 East 6th Street
See Similar DealsMixed-use4,065 SF
Sold 12/10/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,008
Total Square Footage:4,065 SF
Transaction Type:Sale
A mixed-use property located at 407 E 6th St in East Village has been sold in a transaction that closed on December 10, 2020. The property, which is zoned for R8B, R7A, and C2-5, offers a combination of residential and commercial spaces.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,100,000
- Building Square Footage (BSF): 7,780
- Price Per BSF: $526
- Lot Size: 4,065 square feet
- Price Per Square Foot (PPSF): $1,008
- Number of Units: 5
- Price Per Unit (PPU): $820,000
The buyer in this transaction was Goldman Investments, represented by Hadar Goldman. The seller was Robert Frankel. Notably, the property was previously sold for $3,605,000 in December 2012.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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