Deal sheet    Single Deal
217 East Houston Street|Sales|02/20/2010
  • Event Sales
  • Address 217 East Houston Street
  • Square feet 9,600
  • Price $ 5,280,000
  • Price per foot $ 550.00
  • Borough Manhattan
  • Neighborhood Lower East Side
  • Publication Date 04/01/2010
notes
The property sold for $5.28 million, or $550 per square foot. The price represents a capitalization rate of 6.5 percent and a gross rent multiple of 12.6. Six of the apartments are rent stabilized, and two are free market. The Mercury Lounge is the anchor retail tenant on the ground floor.
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