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

Property Image
SOLD
$2,450,000
Justin Zeitchik
Adam Lobel
+ 2

New York

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Mixed-use6,037 SF
Sold
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Property Image
SOLD

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

146 Henry Street

See Similar Deals
Mixed-use6,037 SF
Sold
Justin Zeitchik
Adam Lobel
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$405
Total Square Footage:6037 SF
Transaction Type:Sale

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.

Players

Adam Lobel
134 deals$576.1M volume(718) 360-8815
BROKER

Justin Zeitchik
Investment Property Realty Group (IPRG)
48 deals$248.3M volume(718) 360-8827
BROKER

Zachary Ziskin
Investment Property Realty Group (IPRG)
36 deals$196.8M volume(646) 872-0121
BROKER

Christian Ingenito
Investment Property Realty Group (IPRG)
6 deals$24.5M volume(718) 416-6132
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Adam Lobel, Zachary Ziskin, Justin Zeitchik & Christian Ingenito DATE: 6/24/2025 ADDRESS: 146 Henry Street MARKET: Lower East Side ASSET TYPE: Mixed-use BUYER: Hui Wang SELLER: Nelson Tom BROKERS: Zachary Ziskin (@Zacharyz_IPRG), Adam Lobel (@AdamLobelRealEstate), Justin Zeitchik (@Jigga1216) & Christian Ingenito (@CPI.NYC)- Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $2,450,000 SF: 6,037 ~ PPSF: $405 CAP RATE: Pro forma 5.35% UNITS: 9 NOTE FROM BROKER: Corner mixed use building

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$130,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00