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
About this deal
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:
- Property Type: Mixed-use
- Transaction Amount: $2,280,000
- Sale Date: 5/15/2026
- Seller: Sao Fan
- Brokers: Daniel Handweiler & Gabi Grob - Raven Property Advisors
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.
On the Map
$2,280,000
$204/SF
Mixed-use
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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