Vito Salerno Sells Mixed-Use Property In East Village For $5.4M - Bestreich Realty Group Reps
510 East 13th Street, New York, NY 10009
$5,400,000
$337/SF
Building Size
16,000 SF
Asset Type
Mixed-use
Closing
Jul 9, 2020
About this deal
AI
A mixed-use property located at 510 E. 13th Street in the East Village has been sold for a total price of $5,400,000. The property spans a total of 16,000 square feet, resulting in a price per square foot of $338. The transaction involved 29 units, with an average price per unit of $186,206.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,400,000
- Address: 510 E. 13th Street
- Market: East Village
- Total Square Footage: 16,000 SF
- Price per Square Foot: $338
- Number of Units: 29
- Price per Unit: $186,206
The sale of this mixed-use property was facilitated by Zachary Ziskin, Adam Lobel, and Justin Zeitchik from Bestreich Realty Group, who represented the seller, Vito Salerno.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93