facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

371 Broome Street

Mixed-use Property At 371 Broome Street Sells For $12.8 Million With Brokers Esh, Thomas And Dweck
SOLDMixed-use

Mixed-use Property At 371 Broome Street Sells For $12.8 Million With Brokers Esh, Thomas And Dweck

371 Broome Street

$12,800,000

$710/SF

Building Size

18,023 SF

Asset Type

Mixed-use

Closing

Aug 5, 2024

AI

This mixed-use property is located at 371 Broome Street in the Little Italy neighborhood of Manhattan. The asset is being sold for $12,800,000, encompassing a total square footage of 18,023, resulting in a price per square foot of $710.

Summary of transaction details:

The transaction was facilitated by brokers Kevin Esh from Esh Property Group, and Brandon Thomas along with Scott Dweck from Latitude Property Group, ensuring a comprehensive representation of the parties involved in the deal.

Players

Brandon Thomas

Latitude Property Group

Broker

$165.7M

vol

13 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.24%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93