Brad Jacobs Purchases SoHo Condo At 583 Broadway From Steven Dubb And Sebvy Drummond For $12.8M
583 Broadway
$12,800,000
$2,736/SF
Building Size
4,678 SF
Asset Type
Condo
Closing
Jun 1, 2026
About this deal
AI
Brad Jacobs purchased a condo at 583 Broadway in Soho, Manhattan, characterized by its 4,678 square feet of space. The sale was completed for a price of $12.8 million, translating to a market value of $2,736 per square foot.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,800,000
- Sale Date: June 1, 2026
- Address: 583 Broadway, Soho, Manhattan
- Square Footage: 4,678
- Price Per Square Foot: $2,736
- Buyer: Brad Jacobs
- Seller: Steven Dubb & Sebvy Drummond
In this transaction, Brad Jacobs acquired the property, while Steven Dubb and Sebvy Drummond acted as the sellers in the closing of the deal. The transaction involved prominent figures in the Manhattan real estate market, showcasing a significant exchange of luxury property assets.
On the Map
$12,800,000
$2,736/SF
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $12.8M for 4,678 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93