Emily Wang Acquires Mixed-Use Property At 141 Allen Street From Kim Kun For $4.25M
141 Allen Street
$4,250,000
$612/SF
Building Size
6,938 SF
Asset Type
Mixed-use
Closing
Aug 7, 2024
About this deal
AI
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.
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93