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.
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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