Steven Wong Acquires Office Condo In Chinatown For $1.78M
107 East Broadway, Manhattan, New York, NY, USA
$1,780,000
$1,017/SF
Building Size
1,750 SF
Asset Type
Mixed-use
Closing
Sep 4, 2018
AI
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.
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
8.91%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93