John Legend & Chrissy Teigen Acquire $7.7M Nolita Penthouse On Broome Street
374 Broome Street, Manhattan, New York, NY, USA
$7,700,000
$2,200/SF
Building Size
3,500 SF
Asset Type
Hotel
Closing
Mar 30, 2020
AI
Located in Nolita, this penthouse at 374 Broome Street has been sold in a recent transaction. The property is a spacious 3,500 square feet, offering ample living space. The penthouse boasts a price tag of $7,700,000, resulting in a price per square foot of $2,200. The transaction took place on March 31, 2020.
Summary of transaction details:
- Property Type: Penthouse
- Transaction Amount: $7,700,000
- Address: 374 Broome Street
- Market: Nolita
John Legend and Chrissy Teigen were the buyers of this exceptional penthouse. The sellers were Nicolas Poitevin. Tom Doyle, representing SothebysRealty, served as the broker in this deal.
Players
New York Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93