Hiuian Cheng Acquires Mixed-Use Property In Chelsea For $6.55M
103 W 27th St, New York, NY 10001, USA
$6,550,000
$1,364/SF
Building Size
4,800 SF
Asset Type
Mixed-use
Closing
Sep 28, 2020
About this deal
AI
The mixed-use property located at 103 W. 27th St. in Chelsea has been sold for $6,550,000. The building has a total of 16,680 square feet, resulting in a price of $392 per square foot. The property spans 4,800 square feet, with a price per square foot of $1,364. The previous sale of this property took place in March 2013 for $3,500,000. The transaction was closed on an all-cash basis.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,550,000
- Built Square Feet: 16,680
- Price per Built Square Foot: $392
- Land Square Feet: 4,800
- Price per Land Square Foot: $1,364
- Last Sale Price: $3,500,000 (03/2013)
The buyer of the property is Hiuian Cheng, while the seller is Young Taik Oh. Both parties were represented by their individual brokers for this transaction. The property is located in the bustling market of Chelsea, in an area zoned C6-4X.
On the Map
$6,550,000
$1,364/SF
Mixed-use
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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
2.42%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93