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374 Broome Street, Manhatta...

John Legend & Chrissy Teigen Acquire $7.7M Nolita Penthouse On Broome Street
SOLDHotel

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

Tom Doyle

Broker

$7.7M

vol

1 deal

Broker

John Legend

Buyer

$63.4M

vol

6 deals

Buyer

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