Tenny Yam Acquires Mixed-Use Property In Lower East Side For $5.95M
SOLD
$5,950,000
+ 6
New York
See Similar DealsMixed-use12,790 SF
Sold 08/19/2021
SOLD
Tenny Yam Acquires Mixed-Use Property In Lower East Side For $5.95M
98 Forsyth Street, Manhattan, New York, NY, USA
See Similar DealsMixed-use12,790 SF
Sold 08/19/2021
+ 6
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$465
Total Square Footage:12,790 SF
Transaction Type:Sale
A mixed-use property located at 98 Forsyth Street in the Lower East Side has been sold for $5,950,000. The property spans 12,790 square feet, resulting in a price per square foot of $465. The transaction took place on August 19, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,950,000
- Address: 98 Forsyth Street
- Market: Lower East Side
- Square Footage: 12,790
Tenny Yam is the buyer of the property, while Bob Levy is the seller. Said Boukhalfa from Marcus & Millichap represented the buyer, and Teddy Galligan, Hall Oster, Paul Smadbeck, Guthrie Garvin, Conrad Martin, Braedon Gait, Jack Norton, and Solomon Michailow from LL represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,139.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,206.04
Annual Debt Service$338,472.43
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