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355 West Broadway

Cushman & Wakefield Brokers Sell Mixed-use Property In Soho, Manhattan For $7.5M
SOLDMixed-use

Cushman & Wakefield Brokers Sell Mixed-use Property In Soho, Manhattan For $7.5M

355 West Broadway

$7,526,000

Building Size

Asset Type

Mixed-use

Closing

Nov 14, 2023

AI

A mixed-use property located at 355 West Broadway in Soho, Manhattan has been sold for a total price of $7,526,000. The property spans an area of 6,690 square feet, resulting in a price per square foot of $1,125. The transaction took place on November 14, 2023.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $7,526,000
  • Square Footage: 6,690
  • Price per Square Foot: $1,125
  • Address: 355 West Broadway, Soho, Manhattan
  • Market: Soho, Manhattan

The deal was facilitated by Bobby Carrozzo, Michael Gembecki, Robert Burton, Ian Brooks, Robert Shapiro, and Jordan Sutton from Cushman & Wakefield. They represented the parties involved in the transaction as brokers.

Players

Jordan Sutton

JGS Realty GRP LLC

Broker

$246.4M

vol

33 deals

Broker

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

2.11%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93