Marcus & Millichap Brokers Sale Of Financial District Office For $10.7M
55 Broad St.
Building Size
—
Asset Type
—
Closing
Dec 8, 2022
About this deal
AI
The property located at 55 Broad Street in the Financial District was sold for $10,700,000. The asset is an office space spanning 24,000 square feet, with a price per square foot of $446.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,700,000
- Address: 55 Broad Street
- Market: Financial District
Alan Cafiero, Brent Hyldahl, and Seth Goldberg from Marcus & Millichap represented the seller, Saxum Real Estate, in the transaction.
Traded’s record for 55 Broad St. covers a commercial sale from 2024. This page is the market file for the 55 Broad St. commercial sold: pricing, party profiles, and other closed commercial comps from the same area sit in the Market section below. Filter that local commercial set by closing date to see what else sold near 55 Broad St. around 2024. Cite this Marcus & Millichap Brokers Sale Of Financial District Office For $10.7M sale when underwriting similar commercial product.
On the Map
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93