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107 E Broadway, New York, N...

Monica Lai Acquires Office Condo In Chinatown For $1.85M
SOLDOffice

Monica Lai Acquires Office Condo In Chinatown For $1.85M

107 E Broadway, New York, NY 10002, USA

$1,850,000

$125/SF

Building Size

14,790 SF

Asset Type

Office

Closing

Nov 14, 2018

AI

Located at 107 East Broadway in Chinatown, this office condo has recently been sold in a closed transaction. The property spans 1,479 square feet and was sold for a price of $1,850,000, resulting in a price per square foot of $1,250. The transaction involved an office condo in the bustling market of Chinatown.

Summary of transaction details

  • Property Type: Office condo
  • Sale Price: $1,850,000
  • Square Footage: 1,479
  • Price Per Square Foot: $1,250
  • Address: 107 East Broadway
  • Market: Chinatown

The sellers of the property were Lisa Lou, while the buyer was Monica Lai. The transaction was facilitated by brokers Michael DeCheser, Andrew Berry, Mei Ling Wong, Bryan Hurley, and Darragh Clarke from CushWake and team_decheser.

Players

Andrew Berry

Cushman & Wakefield

Broker

$410.9M

vol

33 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93