Coastline Realty LLC Acquires Mixed-Use Property In China Town For $2.1M
27 Eldridge St New York, NY 10002, USA
$2,100,000
$493/SF
Building Size
4,260 SF
Asset Type
Mixed-use
Closing
Jun 14, 2023
About this deal
AI
A mixed-use property located at 27 Eldridge in China Town has been sold for $2,100,000. The property spans 4,260 square feet, resulting in a price per square foot of $493. The transaction took place on June 14, 2023, and involved Coastline Realty LLC as the buyer and Tai Keung Realty Corp as the seller.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $2,100,000
- Address: 27 Eldridge
- Market: China Town
The buyer, Coastline Realty LLC, was represented by Lee Cheng from Coastline Realty LLC. On the other hand, Tai Keung Realty Corp, the seller, was represented by Ben Lau from Tai Keung Realty Corp. The deal was facilitated by Vito Angelo and Billy Apter, both from Remax.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93