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421 Broome St, New York, NY...

Updated Sep 9, 2024

Douglas Elliman Acquires Residential Condo In SoHo For $35.1M
SOLD

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

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

Douglas Elliman bought a home in New York for $35.1M in 2020. The full closing is on this page.

About $439 per square foot on a published $35.1M for 80,000 square feet (2020).

Visit Tal Alexander to view all their deals.

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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

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