Steven Wong Acquires Office Condo In Chinatown For $1.78M
SOLD
$1,780,000
New York
See Similar DealsMixed-use1,750 SF
Sold 09/05/2018
SOLD
Steven Wong Acquires Office Condo In Chinatown For $1.78M
107 East Broadway, Manhattan, New York, NY, USA
See Similar DealsMixed-use1,750 SF
Sold 09/05/2018
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,017
Total Square Footage:1,750 SF
Transaction Type:Sale
An office condo located at 107 East Broadway (5th Floor Condo) in Chinatown, Manhattan, was recently sold for a price of $1,780,000. The property spans across 1,750 square feet, resulting in a price per square foot of $1,017. The sale took place on September 5, 2018.
Summary of transation details
- Property Type: Office Condo
- Transaction Amount: $1,780,000
- Square Footage: 1,750
- Price Per Square Foot: $1,017
- Address: 107 East Broadway (5th Floor Condo), Chinatown, Manhattan
- Seller: Lisa Lo
- Buyer: Steven Wong
- Broker: Jeff Zheng - Longines Realty NY
Jeff Zheng from Longines Realty NY represented both the buyer and the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$94,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,323.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,438.11
Annual Debt Service$101,257.30
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