386WB Retail Owner 1 LLC Purchases Condo From Steven Elghanyan Of EPIC LLC For $5.9M
388 West Broadway
$5,900,000
$1,612/SF
Building Size
3,659 SF
Asset Type
Condo
Closing
Sep 30, 2025
About this deal
AI
The condo at 388 West Broadway in SoHo, Manhattan, features a total area of 3,659 square feet. The property was sold for a price of $5,900,000, translating to a per square foot price of $1,612.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,900,000
- Address: 388 West Broadway
- Market: SoHo, Manhattan
- Buyer: 386WB Retail Owner 1 LLC
- Seller: Steven Elghanyan - EPIC LLC
- Square Footage: 3,659
- Price per Square Foot: $1,612
- Sale Date: 09/30/2025
This transaction involved 386WB Retail Owner 1 LLC as the buyer, while Steven Elghanyan represented EPIC LLC as the seller in the closing of this property deal.
On the Map
$5,900,000
$1,612/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93