Compass & Sotheby's International Realty Acquire Co-Op In SoHo, Manhattan For $16M
459 West Broadway
$16,000,000
$4,155/SF
Building Size
3,850 SF
Asset Type
Co-Op
Closing
Sep 19, 2023
About this deal
AI
A Co-Op located at 459 West Broadway in SoHo, Manhattan has been sold for $16,000,000. Spanning across 3,850 square feet, the property was sold at a price per square foot of $4,156.
Summary of transaction details:
- Property Type: Co-Op
- Transaction Amount: $16,000,000
- Address: 459 West Broadway, SoHo, Manhattan
- Square Footage: 3,850
- Price per Square Foot: $4,156
The buyer's representatives involved in the transaction were Shari Matluck from Compass and Reid Heidenry from Sotheby's International Realty.
The co op sale at 459 West Broadway in South Boston, New York sold for $16M in 2023. The building is 3,850 square feet, implying about 4.2K per square foot on the published price. Shari Matluck, Reid Heidenry, Sotheby's International Realty, Compass appear on the sale alongside Sotheby's International Realty, Compass. This page is the South Boston, New York file for the 459 West Broadway co op sold: pricing, party profiles, and other closed co op comps from the same South Boston sit in the Market section below. Filter that South Boston co op set by closing date to see what else sold near 459 West Broadway around 2023. Published consideration for 459 West Broadway is $16M, dated 2023. Cite this Compass & Sotheby's International Realty Acquire Co-Op In SoHo, Manhattan For $16M sale when underwriting similar co op product around South Boston, New York.
Players
South Boston Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93