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180 Broome Street

Greg Silvers Of EPR Properties Acquires Three Retail Condos At 180 Broome Street For $34.1M
SOLDCondo

Greg Silvers Of EPR Properties Acquires Three Retail Condos At 180 Broome Street For $34.1M

180 Broome Street

$34,100,000

$801/SF

Building Size

42,536 SF

Asset Type

Condo

Closing

Feb 19, 2026

AI

A condo asset located at 180 Broome Street in the Lower East Side of Manhattan was sold for a total price of $34,100,000. The asset encompasses approximately 42,536 square feet, equating to a price per square foot of $802. The transaction involved the acquisition of three retail condo units at the Essex Crossing development.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $34,100,000
  • Buyer: Greg Silvers - EPR Properties
  • Seller: LES Essex Crossing Holdings Acquisition & Deutsche Bank
  • Square Footage: 42,536
  • Price per Square Foot: $802

In this transaction, EPR Properties, represented by Greg Silvers, completed the acquisition in two transactions from a developer group and Deutsche Bank, totaling roughly 52,000 square feet in retail condo units.

Players

EPR Properties
EPR PropertiesBuyer

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93