Miklos Vasarhelyi Acquires 26 Henry Street In Two Bridges For $1.72M

Located at 26 Henry Street in the Two Bridges neighborhood of Manhattan, this mixed-use property was sold for $1,720,000. Spanning 12,090 square feet, the asset was acquired by Miklos Vasarhelyi from the seller, David Wong. The deal was facilitated by brokers Matthew Fotis, Michael Weinstein, and Colton Traynham of Marcus & Millichap.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,720,000
• Market: Two Bridges, Manhattan
• Square Footage: 12,090
• Price per Square Foot: $142
• Buyer: Miklos Vasarhelyi
• Seller: David Wong
• Brokers: Matthew Fotis, Michael Weinstein, and Colton Traynham - Marcus & Millichap

This transaction showcased a competitive market environment, with 21 offers, 25 tours, and a swift closing period of 22 days. Achieving a notable 4.43% cap rate, the property was ultimately sold for 101% of the asking price, highlighting the strong demand and value perception among potential buyers.