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100 East Broadway, New York...

First Chinese Presbyterian Community Affairs Home Attendant Corp. Acquires Community Facility Condo In Chinatown For $4.38M
SOLD

First Chinese Presbyterian Community Affairs Home Attendant Corp. Acquires Community Facility Condo In Chinatown For $4.38M

100 East Broadway, New York City, New York 10002, United States

$4,380,000

$720/SF

Building Size

6,076 SF

Asset Type

Closing

Jun 29, 2022

AI

A community facility condo located at 100 E. Broadway in Chinatown has been sold for a price of $4,380,000. The property spans an area of 6,076 square feet, resulting in a price per square foot of $721. The transaction took place on June 30, 2022.

Summary of transaction details:

  • Property Type: Community Facility Condo
  • Transaction Amount: $4,380,000
  • Address: 100 E. Broadway, Chinatown
  • RSF: 6,076
  • PPSF: $721

The buyer of the property is First Chinese Presbyterian Community Affairs Home Attendant Corp., while the seller is Yeung Development. The deal was facilitated by Michael F. DeCheser, Bryan F. Hurley, Carri Lyon, and Mitzi Flexer from Cushman & Wakefield.

Players

Carri Lyon

Cushman & Wakefield

Broker

$89.4M

vol

22 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.62%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93