Douglas Elliman Acquires Residential Condo In SoHo For $35.1M
421 Broome St, New York, NY 10013, USA
$35,140,000
$439/SF
Building Size
80,000 SF
Asset Type
—
Closing
Sep 21, 2020
About this deal
AI
Located in the vibrant neighborhood of SoHo, this residential condo at 421 Broome Street recently changed hands in a closed transaction. The property boasts a spacious interior measuring approximately 8,000 square feet, offering ample living space for its new owners. The closing price for this exquisite condo was recorded at an impressive $35,140,000. With an average price per square foot of $4,392, this sale showcases the desirability and value of this prime piece of real estate in SoHo.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $35,140,000
- Square Footage: 8,000 sqft
- Address: 421 Broome Street
- Market: SoHo
The successful completion of this transaction was facilitated and represented by @TalAlexander and @OrenAlexander of Douglas Elliman, who acted as the brokers for both the buyer and seller. Their expertise and negotiation skills played a crucial role in ensuring a smooth and satisfactory deal for all parties involved. With their guidance, the buyer was able to secure this stunning residential condo in the heart of SoHo, while the seller achieved a favorable outcome.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $439 per square foot on a published $35.1M for 80,000 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93