Monica Lai Acquires Office Condo In Chinatown For $1.85M
SOLD
$1,850,000
+ 2
New York
See Similar DealsOffice14,790 SF
Sold 11/15/2018
SOLD
Monica Lai Acquires Office Condo In Chinatown For $1.85M
107 E Broadway, New York, NY 10002, USA
See Similar DealsOffice14,790 SF
Sold 11/15/2018
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$125
Total Square Footage:14,790 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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