Northgate Real Estate Group Sells Mixed-Use Building In NoMad Manhattan For $4.1M
47 East 30th Street
$4,100,000
$770/SF
Building Size
5,320 SF
Asset Type
Mixed-use
Closing
Nov 11, 2025
AI
This transaction involved a vacant free-market mixed-use building located at 47 East 30th Street in NoMad, Manhattan. The property was sold for $4,100,000 and encompasses a total area of 5,320 square feet, resulting in a price per square foot of $770.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,100,000
- Address: 47 East 30th Street
- Market: NoMad, Manhattan
- Square Footage: 5,320
- Price per Square Foot: $770
The transaction was facilitated by Northgate Real Estate Group, with brokers Greg Corbin, Felix Ades, and Mickey Salzman representing the property in the bankruptcy sale.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93