Danny Guo Acquires Mixed-Use Property On East Broadway, Manhattan For $4.1M
96 East Broadway, New York City, New York 10002, United States
$4,080,000
$535/SF
Building Size
7,625 SF
Asset Type
Mixed-use
Closing
Jul 17, 2022
AI
The mixed-use property located at 96 East Broadway in Manhattan has been sold for a total price of $4,100,000. The property spans 7,625 square feet, resulting in a price per square foot of $535.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,100,000
- Address: 96 East Broadway, Manhattan
- Buyer: Danny Guo
- Seller: Kin Keung Ho
Danny Guo has purchased the property from Kin Keung Ho. Both parties were represented by their respective brokers in the deal.
Players
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
3.89%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93