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
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