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421 Broome Street, Manhatta...

Updated Sep 9, 2024

Tal Alexander & Oren Alexander Acquire Residential Condo In SoHo For $49M
SOLD

Tal Alexander & Oren Alexander Acquire Residential Condo In SoHo For $49M

421 Broome Street, Manhattan, New York, NY, USA

$49,000,000

$6,125/SF

Building Size

8,000 SF

Asset Type

Closing

Nov 17, 2021

About this deal

AI

Located in the vibrant SoHo neighborhood, a residential condo at 421 Broome Street changed hands in a recent transaction. The property, spanning 8,000 square feet, was sold in November 2021 for a substantial amount of $49,000,000, resulting in a price per square foot of $6,125. The Oren Alexander & Tal Alexander team represented by Douglas Elliman facilitated the sale.

Summary of transaction details:

  • Property Type: Residential Condo
  • Transaction Amount: $49,000,000
  • Address: 421 Broome Street, SoHo
  • Square Footage: 8,000
  • Price per Square Foot: $6,125

Notably, the property attracted significant attention in the market, resulting in a successful sale handled by the renowned Oren Alexander & Tal Alexander team from Douglas Elliman. Their expertise and strategic approach contributed to the seamless completion of this transaction.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $6.1K per square foot on a published $49M for 8,000 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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