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27 Henry Street

Updated Jul 10, 2025

Linda Cheung Acquires 20-Unit Multifamily Property From Tony Lee And Theresa Wong For $2.22M
SOLDMultiFamily

Linda Cheung Acquires 20-Unit Multifamily Property From Tony Lee And Theresa Wong For $2.22M

27 Henry Street

$2,217,000

$234/SF

Building Size

9,474 SF

Asset Type

MultiFamily

Closing

Jun 30, 2025

About this deal

AI

The asset involved in this transaction is a multifamily property located at 27 Henry Street in the Two Bridges market. It comprises 20 units, with a total square footage of 9,474. The sale price was $2,217,000, resulting in a price per unit of $110,850 and a price per square foot of $234. The property is fully rent stabilized and fully occupied, offering a cap rate of 5.6%.

Summary of transaction details:

The transaction highlighted key players including the buyer, Linda Cheung, and the sellers, Tony Lee and Theresa Wong. The brokerage firm involved in the deal was Investment Property Realty Group (IPRG), represented by brokers Zachary Ziskin, Adam Lobel, Justin Zeitchik, and Christian Ingenito, showcasing their expertise in facilitating the transaction.

On the Map

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$2,217,000

$234/SF

MultiFamily

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Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$647.1M

vol

149 deals

Broker
Investment Property Realty Group (IPRG)
Investment Property Realty Group (IPRG)Brokerage
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $234 per square foot on a published $2.2M for 9,474 square feet (2025).

Visit Zachary Ziskin to view all their deals.

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.16%

Cash-on-Cash

-2.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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