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:
- Property Type: Mixed-use
- Transaction Amount: $12,800,000
- Address: 371 Broome Street
- Market: Little Italy, Manhattan
- Square Footage: 18,023
- Price per Square Foot: $710
- Seller: Andy Mak
- Brokers: Kevin Esh - Esh Property Group; Brandon Thomas & Scott Dweck - Latitude Property Group
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
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
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93