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118 Mulberry Street

Sao Fan Sells Mixed-Use Property At 118 Mulberry Street In Chinatown For $2,280,000
SOLDMixed-use

Sao Fan Sells Mixed-Use Property At 118 Mulberry Street In Chinatown For $2,280,000

118 Mulberry Street

$2,280,000

$204/SF

Building Size

11,154 SF

Asset Type

Mixed-use

Closing

May 14, 2026

AI

This mixed-use property at 118 Mulberry Street, located in the Chinatown market, was sold for $2,280,000. The building encompasses an area of 11,154 square feet with a price per square foot of $204. It is noteworthy for being a 100% rent stabilized building featuring retail space.

Summary of transaction details:

Daniel Handweiler and Gabi Grob represented the seller in this transaction, providing their brokerage expertise through Raven Property Advisors to facilitate the sale of the property.

Players

Daniel Handweiler

Raven Property Advisors

Broker

$327.6M

vol

34 deals

Broker

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

6.96%

Cash-on-Cash

-1.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93