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John F. Gore Purchases Six-Unit Condo At 1619 Broadway From Mack Real Estate Group For $28.82M
SOLD
$28,818,609
New York
See Similar DealsCondo
Sold 06/16/2025
SOLD
John F. Gore Purchases Six-Unit Condo At 1619 Broadway From Mack Real Estate Group For $28.82M
1619 Broadway
See Similar DealsCondo
Sold 06/16/2025
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
A six-unit condominium located at 1619 Broadway in Manhattan was sold for $28,818,609. This equates to approximately $4,803,102 per unit, reflecting a significant market transaction in New York City.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $28,818,609
- Units: 6
- Price Per Unit: $4,803,102
- Buyer: John F. Gore
- Seller: William Mack, Richard Mack & Stephen Mack - Mack Real Estate Group
- Transaction Date: 06/16/2025
- Address: 1619 Broadway
- Market: Manhattan
The transaction featured John F. Gore as the buyer, acquiring the property from the Mack Real Estate Group, which consists of William Mack, Richard Mack, and Stephen Mack, noted for their involvement in high-value real estate transactions in New York City.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,536,992.46
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$102,386.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$136,614.91
Annual Debt Service$1,639,378.91
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