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
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