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67 Carmine Street

Erez Britt Acquires Mixed-Use Property In Greenwich Village, Manhattan For $7.95M
SOLDMixed-use

Erez Britt Acquires Mixed-Use Property In Greenwich Village, Manhattan For $7.95M

67 Carmine Street

$7,950,000

$727/SF

Building Size

10,934 SF

Asset Type

Mixed-use

Closing

Jul 6, 2023

AI

The four-unit property located at 67 Carmine Street in Greenwich Village, Manhattan has been sold for a total of $8 million. The property, also known as One 7th, was purchased by Erez Britt from Jesse Keyes of Modo, with the representation of Carmine Partners LLC. The mixed-use property spans a total of 10,934 square feet, with a price per square foot of $727.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $8 million
  • Square Footage: 10,934
  • Address: 67 Carmine Street
  • Market: Greenwich Village, Manhattan

Erez Britt successfully acquired the four-unit property at 67 Carmine Street in Greenwich Village, Manhattan. The purchase was made from Jesse Keyes of Modo, with the assistance of Carmine Partners LLC as their representative in the deal. This transaction showcases the strong demand for mixed-use properties in the Greenwich Village market.

Players

Erez Britt

Golden Bridge Funding

Broker

$102M

vol

11 deals

Broker
Erez Britt

Erez Britt

Buyer

$102M

vol

11 deals

Buyer
M
ModoBuyer

Jesse Keyes

Modo

Seller

$15.9M

vol

2 deals

Seller

Lowell 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

2.00%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93