Pinh Pinh Yu Acquires Mixed-Use Property In Little Italy From Solly Assa
SOLD
$9,780,000
+ 1
New York
See Similar DealsMixed-use4,807 SF
Sold 08/15/2019
SOLD
Pinh Pinh Yu Acquires Mixed-Use Property In Little Italy From Solly Assa
128 Mulberry St, New York, NY 10013, USA
See Similar DealsMixed-use4,807 SF
Sold 08/15/2019
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$2,034
Total Square Footage:4,807 SF
Transaction Type:Sale
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.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$521,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,746.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,362.19
Annual Debt Service$556,346.27
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