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80 West Broadway

Joseph Roubeni & Raymond Roubeni Of Astral Weeks Acquire Development Site In Financial District For $27.5M
SOLDDevelopment Site

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

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.

Players

Jonathan Hageman

JLL

Broker

$2.6B

vol

60 deals

Broker

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