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
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93