Pinh Pinh Yu Acquires Mixed-Use Property In Little Italy From Solly Assa
128 Mulberry St, New York, NY 10013, USA
$9,780,000
$2,034/SF
Building Size
4,807 SF
Asset Type
Mixed-use
Closing
Aug 14, 2019
About this deal
AI
The mixed-use property located at 128 Mulberry Street in Little Italy has been sold. The transaction was completed on an unspecified date in August 2019. The property, measuring 4,807 square feet, was sold for a sale price of $9,780,000, which is equivalent to a price per square foot of $2,035. The property was previously listed at an asking price of $11,000,000.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $9,780,000
- Address: 128 Mulberry Street
- Market: Little Italy
The buyer of the property was Pinh Pinh Yu, while the seller was Solly Assa. The deal was facilitated by Bobby Carrozzo, Robert Burton, Maurice Suede, and Dan Soyak, who acted as brokers in the transaction.
Players
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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93