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4 Allen Street, New York Ci...

Updated Feb 19, 2024

Robert Cheung Sells Office Building In Chinatown For $4.1M
SOLDOffice

Robert Cheung Sells Office Building In Chinatown For $4.1M

4 Allen Street, New York City, New York 10002, United States

$4,100,000

$715/SF

Building Size

5,729 SF

Asset Type

Office

Closing

Feb 14, 2022

About this deal

AI

 

Summary of transaction details

  • Property Type: Office Building
  • Transaction Amount: $4,100,000
  • Market: Chinatown, Manhattan
  • Zoning: C6-2G
  • BSF: 5,701
  • PPBSF: $719
  • SF: 5,729
  • PPSF: $715
  • FAR: 6.05
  • Tax Class: 4
  • Lot Size: 947
  • Last Sale Price: $1,900,000 (12/30/2003)
  • Permits: Alteration 2 (06/24/2016)
  • Lot Dimension: 61.58 ft x 19.75 ft

 

The office sale at 4 Allen Street, New York City, New York 10002, United States in New York, New York sold for $4.1M in 2022. The building is 5,729 square feet, implying about 715 per square foot on the published price. Named participants on the 4 Allen Street, New York City, New York 10002, United States sale are Robert Cheung. This page is the New York, New York file for the 4 Allen Street, New York City, New York 10002, United States office sold: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else sold near 4 Allen Street, New York City, New York 10002, United States around 2022. Published consideration for 4 Allen Street, New York City, New York 10002, United States is $4.1M, dated 2022. Cite this Robert Cheung Sells Office Building In Chinatown For $4.1M sale when underwriting similar office product around New York, New York.

Players

Robert Cheung

Seller

$25.8M

vol

4 deals

Seller

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $715 per square foot on a published $4.1M for 5,729 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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