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583 Broadway

Brad Jacobs Purchases SoHo Condo At 583 Broadway From Steven Dubb And Sebvy Drummond For $12.8M
SOLDCondo

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

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.

Players

Brad Jacobs

Buyer

$97.8M

vol

4 deals

Buyer

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

1.24%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93