Wuxia Wang Acquires Office Condo At 62 Rivington St, NYC For $1.1M
62 Rivington Street
$1,069,000
$773/SF
Building Size
1,382 SF
Asset Type
Office
Closing
Mar 29, 2023
About this deal
AI
The office condo located at 62 Rivington Street, Unit 2A in New York City has been sold in a recent transaction. The property, spanning 1,382 square feet, was purchased by Wuxia Wang for a sale price of $1,069,000, resulting in a price per square foot of $774.
Summary of transaction details
- Property Type: Office Condo
- Sale Price: $1,069,000
- Square Feet: 1,382
- Price per Square Foot: $774
- Address: 62 Rivington Street, Unit 2A
- Market: New York City
The seller of the property was the Mauri Family, represented by Bryan Hurley and Michael Decheser from Cushman & Wakefield. The buyer, Wuxia Wang, was represented by VALEREE LUO. The transaction was completed on March 29, 2023.
Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
About $773 per square foot on a published $1.1M for 1,382 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.84%
Cash-on-Cash
-4.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93