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Jeff Jacobsen & Michael Malik Of Broadway Capital Partners LLC Acquire Condo From SMI USA For $4.5M
SOLD
$4,500,000
New York
See Similar DealsCondo12,099 SF
Sold 01/09/2025
SOLD
Jeff Jacobsen & Michael Malik Of Broadway Capital Partners LLC Acquire Condo From SMI USA For $4.5M
91 Leonard Street
See Similar DealsCondo12,099 SF
Sold 01/09/2025
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$371
Total Square Footage:12,099 SF
Transaction Type:Sale
A retail condo located at 91 Leonard Street in Tribeca, Manhattan, was sold for $4,500,000. The property covers a total area of 12,099 square feet, resulting in a price per square foot of $372.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,500,000
- Buyer: Jeff Jacobsen & Michael Malik - Broadway Capital Partners LLC
- Seller: SMI USA
The transaction involved Jeff Jacobsen and Michael Malik representing Broadway Capital Partners LLC as the buyers, while SMI USA served as the seller in this closed property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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