Ariel Property Advisors Facilitates $3.35M Sale Of Mixed-Use Property In East Village
109 East 9th Street, Manhattan, New York, NY, USA
$3,350,000
$535/SF
Building Size
6,260 SF
Asset Type
Mixed-use
Closing
Jun 28, 2020
AI
A mixed-use property located at 109 East 9th Street in East Village has been sold for a hefty price of $3,350,000. The transaction took place on June 28, 2021. The property spans across 6,260 square feet, with a price per square foot of $535. It comprises 13 Class B units and one retail space.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $3,350,000
- Square Footage: 6,260
- Price per Square Foot: $535
- Address: 109 East 9th Street
- Market: East Village
- Units: 13 Class B + 1 Retail
The sale of the property was facilitated by a team of brokers from Ariel Property Advisors. Victor Sozio, Michael A. Tortorici, Howard Raber, Matthew Gillis, and Jack Moran represented the parties involved in the deal.
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93