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130 Bowery

Ilya Zavlunov Acquires Mixed-Use Property At 130 Bowery From Thomas A Draghi For $20M
SOLDMixed-use

Ilya Zavlunov Acquires Mixed-Use Property At 130 Bowery From Thomas A Draghi For $20M

130 Bowery

$20,000,000

$611/SF

Building Size

32,700 SF

Asset Type

Mixed-use

Closing

Jul 8, 2025

AI

130 Bowery is a mixed-use property located in the Little Italy market, recently sold for $20 million. The asset features a total area of 32,700 square feet, with a price per square foot of $611.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $20,000,000
  • Address: 130 Bowery
  • Market: Little Italy
  • SF: 32,700
  • PPSF: $611
  • Buyer: Ilya Zavlunov
  • Seller: Thomas A Draghi
  • Buyer's Representative: Michele Abramov
  • Seller's Representative: David Schechtman - Meridian Capital Group

David Schechtman of Meridian Investment Sales facilitated the transaction, showcasing his ability to connect motivated parties and efficiently close deals. His expertise lies in note sales, structured transactions, and repositioning opportunities, making him a respected advisor for complex and high-value deals in New York City.

Players

David Schechtman

Meridian Capital Group

Broker

$1.8B

vol

68 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93