James G. Nicholas II Acquires Mixed-Use Building From John F. Viggiano In Tribeca
241 West Broadway
$15,300,000
$817/SF
Building Size
18,719 SF
Asset Type
Mixed-use
Closing
Jan 23, 2024
AI
The mixed-use building at 241 West Broadway in Tribeca, Manhattan was recently sold for $15.3 million. The property consists of 7 units, with a total building square footage of 20,413 and a size of 18,719 square feet. The purchase price per unit was $2,185,714, and the price per square foot was $817, while the price per buildable square foot was $750.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $15,300,000
- Address: 241 West Broadway
- Market: Tribeca, Manhattan
- Buyer: James G. Nicholas II
- Seller: John F. Viggiano
James G. Nicholas II, represented by the entity 241 West Broadway Ny LLC, acquired the property from John F. Viggiano's entity 241-243 West Broadway, LLC in this transaction.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93