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197 Henry Street

James Grasso Purchases Mixed-Use Property At 197 Henry Street For $3.525M With Brokers John J. Stewart & Dylan Torey
SOLDMixed-use

James Grasso Purchases Mixed-Use Property At 197 Henry Street For $3.525M With Brokers John J. Stewart & Dylan Torey

197 Henry Street

$3,525,000

$705/SF

Building Size

5,000 SF

Asset Type

Mixed-use

Closing

Sep 14, 2025

AI

The mixed-use property located at 197 Henry Street in the Lower East Side was sold for $3,525,000. The asset comprises a total square footage of 5,000, resulting in a price per square foot of $705.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,525,000
  • Address: 197 Henry Street
  • Market: Lower East Side
  • Square Footage: 5,000
  • Price per Square Foot: $705
  • Buyer: James Grasso
  • Seller: Davis Tong
  • Brokers: John J. Stewart & Dylan Torey - Marcus & Millichap

The transaction involved key individuals, including buyer James Grasso and seller Davis Tong, with representation provided by brokers John J. Stewart and Dylan Torey from Marcus & Millichap. Their roles were crucial in facilitating this property sale.

Players

John J. Stewart

Marcus & Millichap

Broker

$212.6M

vol

30 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
James Grasso

James Grasso

Buyer

$38M

vol

10 deals

Buyer

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

4.50%

Cash-on-Cash

-1.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93