Jeff Jacobsen & Michael Malik Of Broadway Capital Partners LLC Acquire Condo From SMI USA For $4.5M
91 Leonard Street
$4,500,000
$371/SF
Building Size
12,099 SF
Asset Type
Condo
Closing
Jan 9, 2025
About this deal
AI
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.
On the Map
$4,500,000
$371/SF
Condo
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Players
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93