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
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