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375 West Broadway, New York...

Macquarie Group Acquires Mixed-Use Asset In SoHo From JPMorgan For $130M
SOLDMixed-use

Macquarie Group Acquires Mixed-Use Asset In SoHo From JPMorgan For $130M

375 West Broadway, New York City, New York 10012, United States

$130,000,000

$1,697/SF

Building Size

76,600 SF

Asset Type

Mixed-use

Closing

Jan 14, 2022

AI

The mixed-use property located at 375 West Broadway in SoHo was recently sold in a transaction. The sale was facilitated by Andrew Scandalios, David Giancola, Alexander Riguardi, and Maddie Warwick of JLL. The property was acquired by Macquarie Group from JPMorgan. The transaction took place on January 14, 2022.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $130,000,000
  • SF: 76,000
  • PPSF: $1,710

The property at 375 West Broadway offers a mixed-use space in SoHo. The transaction involved key individuals and companies such as Andrew Scandalios, David Giancola, Alexander Riguardi, and Maddie Warwick from JLL, representing Macquarie Group in the deal. This sale represents a significant transaction in the real estate market. (NOTE: No additional information available)

Players

Andrew Scandalios

JLL

Broker

$12B

vol

68 deals

Broker
MG
Macquarie GroupBuyer
J.P. Morgan Chase
J.P. Morgan ChaseLender

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

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93