Adber Associates Sells Mixed-Use Property On Bowery For $5.8M
6 East 2nd Street, Brooklyn, NY 11218
$5,800,000
$903/SF
Building Size
6,420 SF
Asset Type
Mixed-use
Closing
Nov 19, 2021
AI
This mixed-use property located at 6 Joey Ramone Place - 6 East 2nd Street in Bowery has been sold for a total of $5,800,000. The property spans 6,420 square feet, resulting in a price per square foot of $903.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,800,000
- Address: 6 Joey Ramone Place - 6 East 2nd Street
- Market: Bowery
- Seller: Adber Associates - Adber Family
- Brokers: Zach Redding, Christian Kane & Dylan Kane
Zach Redding, Christian Kane, and Dylan Kane from B6RealEstate represented the seller, Adber Associates - Adber Family, 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93