Vincent Tang Acquires Mixed-use Property At 102 Bayard St For $5.5M
SOLD
$5,500,000
+ 4
New York
See Similar DealsMixed-use9,125 SF
Sold 05/17/2019
SOLD
Vincent Tang Acquires Mixed-use Property At 102 Bayard St For $5.5M
102 Bayard Street, New York, NY 10013
See Similar DealsMixed-use9,125 SF
Sold 05/17/2019
+ 4
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$602
Total Square Footage:9,125 SF
Transaction Type:Sale
Located at 102 Bayard St, this mixed-use property was recently sold in a transaction handled by brokers from Avison Young. The property spans over 9,125 square feet and was sold for a price of $5,500,000, translating to a price per square foot of $602.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,500,000
- Address: 102 Bayard St
In this deal, the seller was Alan Luke, while the buyer was Vincent Tang. The brokers involved in the transaction were Brandon Polakoff, James Nelson, David Shalom, Eric Karmitz, and Bradley Rothschild, all from Avison Young. Notably, this is just one of the four properties that Alan Luke has sold in the past three months.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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