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
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