JSW Realty Acquires Mixed-Use Asset In Chinatown For $6.8M
SOLD
$6,800,000
New York
See Similar DealsMixed-use11,565 SF
Sold 08/11/2022
SOLD
JSW Realty Acquires Mixed-Use Asset In Chinatown For $6.8M
97 Bowery, New York City, New York 10002, United States
See Similar DealsMixed-use11,565 SF
Sold 08/11/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$588
Total Square Footage:11,565 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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