facebook
Traded Co logo
Submit
Daily limit: 0/10

Danny Guo Acquires Mixed-Use Property In Lower East Side For $2.3M

Property Image
SOLD
$4,600,000

New York

See Similar Deals
Mixed-use20,462 SF
Sold 01/12/2024
the dealplayerscompscontact
Property Image
SOLD

Danny Guo Acquires Mixed-Use Property In Lower East Side For $2.3M

217 Madison Street & 219 Madison Street

See Similar Deals
Mixed-use20,462 SF
Sold 01/12/2024
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$224
Total Square Footage:20,462 SF
Transaction Type:Sale

The mixed-use property at 217-219 Madison Street, located in Manhattan's Lower East Side, was sold for $2,300,000. The property spans 10,231 square feet, resulting in a price per square foot of $225. Danny Guo acquired the property, purchasing the adjacent walkup buildings from Hing Yiu Ng and Siu Man Ng.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,300,000
  • Buyer: Danny Guo
  • Seller: Hing Yiu Ng & Siu Man Ng
  • Address: 217-219 Madison Street
  • Market: Lower East Side
  • SF: 10,231
  • PPSF: $225

Danny Guo completed the purchase of the adjacent walkup buildings at 217-219 Madison Street in Manhattan's Lower East Side, acquiring the properties from Hing Yiu Ng and Siu Man Ng for a total of $4.6 million in two separate transactions.

Players

3 deals$12.6M volume
BUYER

Details

SOLD
IMAGE: 01/12/2024 ADDRESS: 217-219 Madison Street MARKET: Lower East Side ASSET TYPE: Mixed-use BUYER: Danny Guo SELLER: Hing Yiu Ng & Siu Man Ng SALE PRICE: $2,300,000 SF: 10,231 ~ PPSF: $225 NOTE: Danny Guo acquired adjacent walkup buildings at 217-19 Madison Street in Manhattan's Lower East Side, paying a total of $4.6 million to Hing Yiu Ng and Siu Man Ng in two separate transactions.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$245,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16