Rialto Capital Acquires SoHo Condo At 597 Broadway From Delshah Capital For $5.17M
597 Broadway, New York City, New York 10012, United States
$5,170,000
$2,585,000/SF
Building Size
2 SF
Asset Type
Condo
Closing
Nov 21, 2022
About this deal
AI
A condo unit located at 597 Broadway in SoHo, Manhattan has been sold for a total price of $5,170,000. The property spans over 2,013 square feet, resulting in a price per square foot of $2,568. The transaction took place on November 21, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,170,000
- Address: 597 Broadway, SoHo, Manhattan
- Market: SoHo, Manhattan
The buyer, represented by Rialto Capital - Niral Shah, acquired the condo unit from the seller, Delshah Capital - Michael K. Shah.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.07%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93