Ariel Property Advisors Facilitates $3.35M Sale Of Mixed-Use Property In East Village
SOLD
$3,350,000
+ 2
New York
See Similar DealsMixed-use6,260 SF
Sold 06/28/2020
SOLD
Ariel Property Advisors Facilitates $3.35M Sale Of Mixed-Use Property In East Village
109 East 9th Street, Manhattan, New York, NY, USA
See Similar DealsMixed-use6,260 SF
Sold 06/28/2020
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$535
Total Square Footage:6,260 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$178,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51
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