Gilman Management Acquires Mixed-Use Property In East Village For $2.8M
513 E 13th St, New York, NY 10009, USA
$2,800,000
$175/SF
Building Size
16,000 SF
Asset Type
Mixed-use
Closing
Sep 8, 2020
About this deal
AI
A mixed-use property located at 513 East 13th Street in the East Village neighborhood was recently sold for $2,800,000. The property spans a total area of 16,000 square feet with a price per square foot of $175. It consists of 27 units, with an average price per unit of $96,552. The sale took place on September 9, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,800,000
- Market: East Village
- Buyer: Gilman Management - Robert Raphael
- Seller: Harry Greenbaum
- Brokers: Aziz Syed & Joseph Gammal - Gideon Asset Management
- Date: 09/09/2020
The buyer, represented by Robert Raphael of Gilman Management, acquired the property from the seller, Harry Greenbaum. The transaction was facilitated by the brokers Aziz Syed and Joseph Gammal from Gideon Asset Management. For more information about the sale, interested parties can directly contact Aziz Syed at [email protected].
On the Map
$2,800,000
$175/SF
Mixed-use
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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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93