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Oren & Tal Alexander Acquire SoHo Residential Condo For $16.2M

Property Image
SOLD
$16,200,000
Marc Palermo
Andrew Anderson
Tal Alexander
+ 1

New York

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4,682 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Oren & Tal Alexander Acquire SoHo Residential Condo For $16.2M

565 Broome Street, New York, NY 10013

See Similar Deals
4,682 SF
Sold
Marc Palermo
Andrew Anderson
Tal Alexander
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Price Per Square Foot:$3460
Total Square Footage:4682 SF
Transaction Type:Sale

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

Oren Alexander
Official
Oren Alexander
106 deals$2B volume(305) 610-4559
BROKER
Tal Alexander
Official
Tal Alexander
83 deals$1.8B volume(212) 951-0071
BROKER
Marc Palermo
Douglas Elliman
Marc Palermo
3 deals$32.6M volume
BROKER
Andrew Anderson
Douglas Elliman
Andrew Anderson
2 deals$33.5M volume
BROKER

Details

SOLD
IMAGE: Oren Alexander & Tal Alexander DATE: 08/2021 ADDRESS: 565 Broome Street, (@565BroomeSoHo) MARKET: SoHo ASSET TYPE: Resi Condo BUYER’S REP: Oren Alexander (@OrenAlexander) & Tal Alexander (@TalAlexander) - @AlexanderTeam 👑 @DouglasElliman SELLER’S REP: Marc Palermo (@MarcPmo_NYC) & Andrew Anderson (@AndersonEhrmannTeam) @DouglasElliman PRICE: $16,200,000 SF: 4,682 ~ PPSF: $3,460

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$864,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$57,555.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,796.26
Annual Debt Service$921,555.18