Shalom Neuman Sells Mixed-Use Property At 57 Stanton Street For $4.8M With Brokers Jakub Nowak & Michael Maldonado
57 Stanton Street
$4,800,000
$1,063/SF
Building Size
4,513 SF
Asset Type
Mixed-use
Closing
Mar 30, 2026
AI
The property involved in this transaction is a mixed-use building located at 57 Stanton Street in the Lower East Side market. The asset comprises 2 commercial units and 2 residential units, totaling 4 units. The sale price was $4,800,000, with a price per unit of $1,200,000. The property's total square footage is 4,513, which results in a price per square foot of $1,063.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,800,000
- Seller: Shalom Neuman
- Brokers: Jakub Nowak & Michael Maldonado - Marcus & Millichap The Nowak Group
- Units: 4
- PPU: $1,200,000
- SF: 4,513
- PPSF: $1,063
In this sale, Shalom Neuman has expressed his satisfaction with the brokerage services provided by Jakub Nowak, noting his experience and trustworthy advice in handling the sale of his properties. Jakub's approach has ensured significant exposure to qualified buyers, making the transaction successful and enjoyable for the seller.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93