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241 West Broadway

James G. Nicholas II Acquires Mixed-Use Building From John F. Viggiano In Tribeca
SOLDMixed-use

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