Adber Associates Sells Mixed-Use Property On Bowery For $5.8M
SOLD
$5,800,000
New York
See Similar DealsMixed-use6,420 SF
Sold 11/19/2021
SOLD
Adber Associates Sells Mixed-Use Property On Bowery For $5.8M
6 East 2nd Street, Brooklyn, NY 11218
See Similar DealsMixed-use6,420 SF
Sold 11/19/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$903
Total Square Footage:6,420 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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