Steven Fei Fang Acquires Mixed-use Property In TriBeca For $7.1M
147 Duane St, New York, NY 10013, USA
$7,100,000
$1,145/SF
Building Size
6,200 SF
Asset Type
Mixed-use
Closing
Apr 1, 2020
About this deal
AI
Located in the TriBeca neighborhood, the mixed-use property at 147 Duane Street has been sold in a closed transaction. The transaction took place on April 2, 2020.
Summary of transaction details:
- Property Type: Mixed-use
- Sale Price: $7,100,000
- Square Footage: 6,200
- Price per Square Foot: $1,145
- Number of Units: 5
- Market: TriBeca
Laurence Asseraf, the seller, successfully sold the property to Steven Fei Fang. Ron Cohen & Jay Bernstein from Besen Partners represented the seller, while Anna Ji from Kian Realty represented the buyer in this transaction.
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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93