Updated May 19, 2026
The Rabsky Group Acquires Development Site At 267 Broadway From Braha Industries & Roe Corporation For $30M
267 Broadway
$30,000,000
$579/SF
Building Size
51,730 SF
Asset Type
Development Site
Closing
May 13, 2026
About this deal
AI
The asset involved in the transaction is a development site located at 267 Broadway in Manhattan. The property was sold for $30,000,000, encompassing a total area of 51,730 square feet, which translates to a price per square foot of $579.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $30,000,000
- Address: 267 Broadway
- Market: Manhattan
- Square Footage: 51,730
- Price per Square Foot: $579
- Buyer: The Rabsky Group
- Seller: Braha Industries & Roe Corporation
- Brokers: Ethan Stanton, Teddy Galligan, Jonathan Hageman, Michael Mazzara & Brett Baskin - JLL
The transaction was represented by a team of brokers from JLL, including Ethan Stanton, Teddy Galligan, Jonathan Hageman, Michael Mazzara, and Brett Baskin. The Rabsky Group acquired the site from the combined interests of Braha Industries and Roe Corporation.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93