Updated Dec 23, 2024
Joseph Roubeni & Raymond Roubeni Of Astral Weeks Acquire Development Site In Financial District For $27.5M
80 West Broadway
$27,500,000
Building Size
—
Asset Type
Development Site
Closing
Dec 6, 2024
About this deal
AI
The development site located at 80 West Broadway in TriBeCa, Manhattan has been sold for a transaction amount of $27,500,000. The property has a total building square footage of 56,164, which results in a price per building square foot of $489.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $27,500,000
- Address: 80 West Broadway
- Market: TriBeCa, Manhattan
- Building Square Footage: 56,164
- Price Per Building Square Foot: $489
- Buyer: Joseph Roubeni & Raymond Roubeni - Astral Weeks
- Seller: Shai Shamir - 6R Capital Group
- Brokers: Jonathan Hageman, Vickram Jambu & Guthrie Garvin - JLL
Joseph Roubeni and Raymond Roubeni represented Astral Weeks in the transaction while Shai Shamir represented 6R Capital Group. The brokers involved in this transaction were Jonathan Hageman, Vickram Jambu, and Guthrie Garvin from JLL.
On the Map
$27,500,000
Development Site
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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
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93