The Jackson Group Acquires Retail Condo In New York For $11M
424 Broadway, New York, NY 10013, USA
Building Size
7,571 SF
Asset Type
Condo
Closing
Apr 17, 2023
About this deal
AI
The retail condo located at 424-426 Broadway in SoHo, New York has been sold in a closed transaction for $11,000,000. The property spans across 7,571 square feet, resulting in a price per square foot of $1,452. The transaction took place on April 23, 2018.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $11,000,000
- Address: 424-426 Broadway, New York
- Market: SoHo
- Square Footage: 7,571
- Price Per Square Foot: $1,452
The seller of the property was The Shih Family, while the buyer was The Jackson Group represented by Elliott Chehebar.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93