Hui Wang Acquires Mixed-Use Building At 146 Henry Street For $2.45 Million

The property involved in this transaction is a mixed-use building located at 146 Henry Street in the Lower East Side market. The sale price for the asset was $2,450,000, encompassing a total square footage of 6,037. The property consists of 9 units, with a price per square foot calculated at $405. The pro forma cap rate stands at 5.35%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,450,000
• Address: 146 Henry Street
• Market: Lower East Side
• Square Footage: 6,037
• Price per Square Foot: $405
• Cap Rate: Pro forma 5.35%
• Units: 9
• Buyer: Hui Wang
• Seller: Nelson Tom
• Broker Representation: Zachary Ziskin, Adam Lobel, Justin Zeitchik & Christian Ingenito - Investment Property Realty Group (IPRG)

This transaction involved Hui Wang as the buyer and Nelson Tom as the seller. The deal was facilitated by brokers Zachary Ziskin, Adam Lobel, Justin Zeitchik, and Christian Ingenito, who represent Investment Property Realty Group (IPRG). A notable feature of this asset is its status as a corner mixed-use building.