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743 E 6th St, New York, NY ...

David Mashaal Acquires East Village Property For $3.2M From Paul Jaffe
SOLDOther

David Mashaal Acquires East Village Property For $3.2M From Paul Jaffe

743 E 6th St, New York, NY 10009, USA

$3,200,000

$81/SF

Building Size

39,300 SF

Asset Type

Other

Closing

Jul 23, 2019

AI

The property located at 743 East 6th St in East Village has been sold for a price of $3,200,000. The property spans a total area of 3,930 square feet, resulting in a price per square foot of $814. The building itself has a total area of 8,360 square feet, with a price per square foot of $382.78.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $3,200,000
  • Square Footage: 3,930
  • Price per Square Foot: $814
  • Building Square Footage: 8,360
  • Price per Building Square Foot: $382.78

The buyer of the property is David Mashaal, while the seller is Paul Jaffe. The seller was represented by Michael DeCheser, Andrew Berry, Mei Ling Wong, and Bryan Hurley from CushWake and TeamDescheser.

Players

Andrew Berry

Cushman & Wakefield

Broker

$410.9M

vol

33 deals

Broker

David R. Mashaal

Buyer

$22.7M

vol

4 deals

Buyer

Paul Jaffe

Metropolitan Realty Associates

Seller

$17.2M

vol

2 deals

Seller

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93