Tommy Yuen Acquires Mixed-Use Property On Bowery In Lower East Side For $5.7M
SOLD
$5,725,000
New York
See Similar DealsMixed-use10,600 SF
SOLD
Tommy Yuen Acquires Mixed-Use Property On Bowery In Lower East Side For $5.7M
137 Bowery
See Similar DealsMixed-use10,600 SF
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$540
Total Square Footage:10,600 SF
Transaction Type:Sale
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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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$305,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,339.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,139.42
Annual Debt Service$325,673.05
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