Danny Guo Acquires Mixed-Use Property On East Broadway, Manhattan For $4.1M
SOLD
$4,080,000
New York
See Similar DealsMixed-use7,625 SF
Sold 07/18/2022
SOLD
Danny Guo Acquires Mixed-Use Property On East Broadway, Manhattan For $4.1M
96 East Broadway, New York City, New York 10002, United States
See Similar DealsMixed-use7,625 SF
Sold 07/18/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$535
Total Square Footage:7,625 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$217,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,495.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,341.28
Annual Debt Service$232,095.38
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