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82 2nd Avenue

Dalan Management Acquires Mixed-Use Property On 2nd Ave. In East Village For $7.5M
SOLDMixed-use

Dalan Management Acquires Mixed-Use Property On 2nd Ave. In East Village For $7.5M

82 2nd Avenue

$7,500,000

$1,513/SF

Building Size

4,956 SF

Asset Type

Mixed-use

Closing

Jul 19, 2022

AI

The mixed-use property located at 82 2nd Ave. in the East Village neighborhood of Manhattan has been sold for a total price of $7,500,000. The property spans 4,956 square feet and has a price per square foot of $1,513. The transaction took place on July 19, 2022.

Summary of transation details

The buyer of the property is Dalan Management, represented by Matt Sobel and Danny Wrublin. The seller is Steven Schacter. The deal was facilitated by brokers Joe Koicim, Logan Markley, Shaun Riney, Mike Salvatico, and Matt Berger, who are affiliated with Marcus & Millichap.

Players

Logan Markley

Marcus & Millichap

Broker

$970.7M

vol

70 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker
Daniel (Danny) Wrublin

Daniel Wrublin

Dalan Management

Buyer

$90.1M

vol

5 deals

Buyer

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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93