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137 Bowery

Tommy Yuen Acquires Mixed-Use Property On Bowery In Lower East Side For $5.7M
SOLDMixed-use

Tommy Yuen Acquires Mixed-Use Property On Bowery In Lower East Side For $5.7M

137 Bowery

$5,725,000

$540/SF

Building Size

10,600 SF

Asset Type

Mixed-use

Closing

Dec 7, 2022

AI

The mixed-use property located at 137 Bowery in Lower East Side has been sold for a total price of $5,725,000. The property spans across 10,600 square feet, resulting in a price per square foot of $540.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $5,725,000
  • Address: 137 Bowery, Lower East Side
  • Market: Lower East Side

The buyer in this transaction is Tommy Yuen, while the seller is Robin Levine. The deal was facilitated by Stephen Dadourian and Matthew Gavin from B6 Real Estate Advisors, who acted as brokers representing the buyer and seller.

Only return the FORMAT defined.

Players

Stephen Dadourian

B6 Real Estate Advisors

Broker

$75.9M

vol

9 deals

Broker

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

2.77%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93