Oren & Tal Alexander Acquire SoHo Residential Condo For $16.2M
565 Broome Street, New York, NY 10013
$16,200,000
$3,460/SF
Building Size
4,682 SF
Asset Type
—
Closing
Aug 1, 2020
AI
Oren Alexander & Tal Alexander represented the buyer in the sale of a residential condo unit in SoHo. The property, located at 565 Broome Street, was sold in August 2021 for a price of $16,200,000. The condo unit spans 4,682 square feet and has a price per square foot of $3,460.
Summary of transaction details:
- Property Type: Residential Condo
- Date: 08/2021
- Address: 565 Broome Street
- Market: SoHo
- Buyer's Representative: Oren Alexander & Tal Alexander (AlexanderTeam) - Douglas Elliman
- Seller's Representative: Marc Palermo & Andrew Anderson - Douglas Elliman
- Price: $16,200,000
- Square Footage: 4,682
- Price per Square Foot: $3,460
Oren Alexander and Tal Alexander, representing the AlexanderTeam at Douglas Elliman, facilitated the purchase of this prime residential condo unit. The sale was negotiated with the assistance of Marc Palermo and Andrew Anderson, also from Douglas Elliman.
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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93