Leo Friedman Acquires Mixed-use Property At 69 Avenue C From David Shorenstein For $5.9M
69 Avenue C
$5,900,000
$1,536/SF
Building Size
3,840 SF
Asset Type
Mixed-use
Closing
Aug 27, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 69 Avenue C in the East Village market. The sale price of the property was $5,900,000, with a total square footage of 3,840, resulting in a price per square foot of approximately $1,536.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,900,000
- Address: 69 Avenue C
- Market: East Village
- Square Footage: 3,840
- Price per Square Foot: $1,536
- Buyer: Leo Friedman
- Seller: David Shorenstein
- Broker: Michael Steinberg - HedgeStone Business Advisors
This transaction involved Leo Friedman as the buyer and David Shorenstein as the seller, facilitated by broker Michael Steinberg from HedgeStone Business Advisors, who represented the seller in the deal.
On the Map
$5,900,000
$1,536/SF
Mixed-use
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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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93