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
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