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102 Bayard Street, New York...

Vincent Tang Acquires Mixed-use Property At 102 Bayard St For $5.5M
SOLDMixed-use

Vincent Tang Acquires Mixed-use Property At 102 Bayard St For $5.5M

102 Bayard Street, New York, NY 10013

$5,500,000

$602/SF

Building Size

9,125 SF

Asset Type

Mixed-use

Closing

May 16, 2019

AI

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.

Players

David Shalom

Avison Young

Broker

$552.8M

vol

38 deals

Broker

Vincent Tang

Buyer

$8.2M

vol

2 deals

Buyer

Alan Luke

Seller

$52.6M

vol

5 deals

Seller

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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93