JSW Realty Acquires Mixed-Use Asset In Chinatown For $6.8M
97 Bowery, New York City, New York 10002, United States
$6,800,000
$588/SF
Building Size
11,565 SF
Asset Type
Mixed-use
Closing
Aug 10, 2022
About this deal
AI
The mixed-use property located at 97 Bowery in Chinatown has been sold for $6,800,000. The property spans across 11,565 square feet and was sold at a price per square foot of $587.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,800,000
- Address: 97 Bowery
- Market: Chinatown
- Square Footage: 11,565
- Price per Square Foot: $587
The buyer of the property is JSW Realty represented by John Lam. The seller is Jennifer K. S.
The mixed use sale at 97 Bowery, New York City, New York 10002, United States in New York, New York sold for $6.8M in 2022. The building is 11,565 square feet, implying about 588 per square foot on the published price. Named participants on the 97 Bowery, New York City, New York 10002, United States sale are John Lam. This page is the New York, New York file for the 97 Bowery, New York City, New York 10002, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 97 Bowery, New York City, New York 10002, United States around 2022. Published consideration for 97 Bowery, New York City, New York 10002, United States is $6.8M, dated 2022. Cite this JSW Realty Acquires Mixed-Use Asset In Chinatown For $6.8M sale when underwriting similar mixed use product around New York, New York.
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93