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77 E 3rd St, New York, NY 1...

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

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

77 E 3rd St, New York, NY 10003, USA

$10,000,000

$88/SF

Building Size

112,500 SF

Asset Type

Mixed-use

Closing

May 16, 2019

AI

The mixed-use property located at 82 2nd Ave in the East Village neighborhood of Manhattan has been sold for $7,500,000. The property measures 4,956 square feet, resulting in a price per square foot of $1,513. The sale took place on July 19, 2022. The buyer of the property is Dalan Management, represented by Matt Sobel and Danny Wrublin. The seller is Steven Schacter.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $7,500,000
  • Square Footage: 4,956
  • Price per Square Foot: $1,513
  • Date: July 19, 2022
  • Buyer: Dalan Management - Matt Sobel & Danny Wrublin
  • Seller: Steven Schacter

The deal was facilitated by the following brokers: Joe Koicim, Logan Markley, Shaun Riney, Mike Salvatico, and Matt Berger of Marcus & Millichap.

Players

Daniel Rahmani

Capital Property Partners

Broker

$184.9M

vol

12 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93