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40 Bleeker Street, Bleecker...

Broad Street Development Sells Residential Condo At 40 Bleecker Street In NoHo For $18.9M
SOLD

Broad Street Development Sells Residential Condo At 40 Bleecker Street In NoHo For $18.9M

40 Bleeker Street, Bleecker Street, Manhattan, New York, NY, USA

$18,883,875

$4,612/SF

Building Size

4,094 SF

Asset Type

Closing

Jun 21, 2020

AI

Broad Street Development's Raymond Chalme and Daniel Blanco have sold the residential condominium located at @40BleeckerStreet in NoHo. The sale, which took place on 06/21/2021, was facilitated by brokers Sarah Burke, John Gomes, Fredrik Eklund, and Adam Widener of the klundGomesTeam at Douglas Elliman. The property spans 4,094 square feet and was sold for a total of $18,883,875, resulting in a price per square foot of $4,612.

Summary of transaction details

  • Property Type: Resi Condo
  • Transaction Amount: $18,883,875
  • Address: @40BleeckerStreet (NoHo)
  • Developers: Broad Street Development - Raymond Chalme & Daniel Blanco
  • Brokers: Sarah Burke, John Gomes, Fredrik Eklund & Adam Widener of klundGomesTeam at Douglas Elliman
  • Square Footage: 4,094
  • Price Per Square Foot: $4,612

Raymond Chalme and Daniel Blanco of Broad Street Development successfully closed the sale of the residential condominium at @40BleeckerStreet in NoHo. The deal was made possible through the negotiations and representation of brokers Sarah Burke, John Gomes, Fredrik Eklund, and Adam Widener from the klundGomesTeam at Douglas Elliman. This transaction showcases the expertise and professionalism of the individuals involved in the transaction.

Players

Fredrik Eklund

Douglas Elliman

Broker

$771.5M

vol

27 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.84%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93