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Blake Ross Acquires Condo In SoHo With Broker Scott Francis For $8.5M
SOLD
$8,500,000
New York
See Similar DealsCondo2,512 SF
Sold 02/01/2024
SOLD
Blake Ross Acquires Condo In SoHo With Broker Scott Francis For $8.5M
565 Broome Street
See Similar DealsCondo2,512 SF
Sold 02/01/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,383
Total Square Footage:2,512 SF
Transaction Type:Sale
The property involved in the transaction is a three-bedroom, 3½-bath condo located at 565 Broome Street in SoHo, Manhattan. The condo was purchased by Blake Ross for $8.25 million. This condo spans 2,512 square feet, resulting in a price per square foot of $3,384.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $8,500,000
- Address: 565 Broome Street
- Market: SoHo, Manhattan
Scott Francis of Serhant was the broker representing Blake Ross in this real estate transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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