Kwang O. Bang Acquires Mixed-Use Property In New York City For $4.3M
30-26 Steinway Street
$4,300,000
$825/SF
Building Size
5,209 SF
Asset Type
Mixed-use
Closing
Apr 14, 2023
About this deal
AI
A mixed-use property located at 30-26 Steinway Street in New York City has been sold for $4,300,000. The property spans a total of 5,209 square feet, resulting in a price per square foot of $825. The transaction took place on 04/14/2023.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $4,300,000
- Square Footage: 5,209
- Price per Square Foot: $825
- Address: 30-26 Steinway Street, New York City
- Market: New York City
The buyer of the property is Kwang O. Bang, while the seller is John Budis from Net Lease Properties. The deal was facilitated by brokers Thomas Donovan, Tommy Lin, and Eugene Kim from B6 Real Estate Advisors.
Players
Market 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93