Gilman Management Acquires Mixed-Use Property In East Village For $2.8M
SOLD
$2,800,000
New York
See Similar DealsMixed-use16,000 SF
Sold 09/09/2020
SOLD
Gilman Management Acquires Mixed-Use Property In East Village For $2.8M
513 E 13th St, New York, NY 10009, USA
See Similar DealsMixed-use16,000 SF
Sold 09/09/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$175
Total Square Footage:16,000 SF
Transaction Type:Sale
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].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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