Lynda Blumberg Of RiedmanRoth Represents Buyer In $4.66M Sale Of Mixed-Use Building In East Village
43 East 1st Street, Manhattan, New York, NY 10003, USA
$4,660,000
$564/SF
Building Size
8,250 SF
Asset Type
Mixed-use
Closing
Jul 22, 2020
AI
A mixed-use property located at 43 East 1st Street in the East Village of New York City has been sold. The transaction took place on July 22, 2021. The property consists of 22 units with a total area of 8,250 square feet. The sale price for this property was $4,660,000, translating to a price per unit of $211,818. The price per square foot was calculated to be $564.
Summary of Transaction Details:
- Property Type: Mixed-use
- Date: 07/22/2021
- Address: 43 East 1st Street, East Village
- Units: 22
- Square Footage: 8,250 SF
- Sale Price: $4,660,000
- Price Per Unit: $211,818
- Price Per Square Foot: $564
The seller of this property was Meir Yaloz. The buyer was represented by Lynda Blumberg of FriedmanRoth, while Richard Guarino of rickCapGroup represented the seller in the transaction.
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
3.40%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93