Cushman & Wakefield Brokers Sell Mixed-use Property In Soho, Manhattan For $7.5M
SOLD
$7,526,000
+ 3
New York
See Similar DealsMixed-use
Sold 11/14/2023
SOLD
Cushman & Wakefield Brokers Sell Mixed-use Property In Soho, Manhattan For $7.5M
355 West Broadway
See Similar DealsMixed-use
Sold 11/14/2023
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$401,386.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,738.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,677.08
Annual Debt Service$428,124.96
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