SOLDMixed-use
Shabse Fuchs Acquires Mixed-Use Development Site At 317 Broadway For $14 Million
317 Broadway
$14,000,000
$1,820/SF
Building Size
7,692 SF
Asset Type
Mixed-use
Closing
Aug 6, 2026
AI
A mixed-use property located at 317 Broadway in the Tribeca market of Manhattan was sold for $14 million. The asset spans 7,692 square feet, with a price per square foot of $1,820. It consists of 50 units, translating to a price per unit of $280,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $14,000,000
- Square Footage: 7,692
- Price per Square Foot: $1,820
- Units: 50
- Price per Unit: $280,000
- Buyer: Shabse Fuchs
- Seller: Albert Laboz - United American Land
- Date of Sale: 08/06/2026
Shabse Fuchs acquired the development site through 2 Thomas LLC, with plans for a 50-unit mixed-use project that will feature 39,311 square feet of residential space, in addition to ground-floor retail.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93