SOLDMixed-use
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
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.
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