Emily Wang Acquires Mixed-Use Property At 141 Allen Street From Kim Kun For $4.25M
SOLD
$4,250,000
New York
See Similar DealsMixed-use6,938 SF
Sold 08/07/2024
SOLD
Emily Wang Acquires Mixed-Use Property At 141 Allen Street From Kim Kun For $4.25M
141 Allen Street
See Similar DealsMixed-use6,938 SF
Sold 08/07/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$612
Total Square Footage:6,938 SF
Transaction Type:Sale
The property at 141 Allen Street is a mixed-use asset located in the Lower East Side. It was sold for $4,250,000 and has a total square footage of 6,938, giving it a price per square foot of $612.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,250,000
- Address: 141 Allen Street
- Market: Lower East Side
- Buyer: Emily Wang
- Seller: Kim Kun
- Brokers: Matt Fotis, Colton Traynham & Michael Weinstein - Marcus & Millichap
The transaction involved key individuals including Emily Wang as the buyer and Kim Kun as the seller. The deal was facilitated by brokers Matt Fotis, Colton Traynham, and Michael Weinstein representing Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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