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
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