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109 East 9th Street, Manhat...

Ariel Property Advisors Facilitates $3.35M Sale Of Mixed-Use Property In East Village
SOLDMixed-use

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

Matthew Gillis

Ariel Property Advisors

Broker

$295M

vol

25 deals

Broker

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