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

Property Image
SOLD
$3,525,000
Dylan Torey
John J. Stewart
James Grasso

New York

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Mixed-use5,000 SF
Sold
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Property Image
SOLD

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

197 Henry Street

See Similar Deals
Mixed-use5,000 SF
Sold
Dylan Torey
John J. Stewart
James Grasso
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$705
Total Square Footage:5000 SF
Transaction Type:Sale

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
John J. Stewart
29 deals$204.1M volume
BROKER
Dylan Torey
Marcus & Millichap
Dylan Torey
12 deals$69.2M volume
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE
James Grasso
James Grasso
10 deals$38M volume
BUYER

Details

SOLD
IMAGE: John J. Stewart, James Grasso & Dylan Torey DATE: 9/15/2025 ADDRESS: 197 Henry Street MARKET: Lower East Side ASSET TYPE: Mixed-use BUYER: James Grasso SELLER: Davis Tong BROKERS: John J. Stewart (@NYCBuildingAdvisors) & Dylan Torey - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,525,000 SF: 5,000 ~ PPSF: $705

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$187,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,523.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,710.30
Annual Debt Service$200,523.58