Macquarie Group Acquires Mixed-Use Asset In SoHo From JPMorgan For $130M
SOLD
$130,000,000
+ 1
New York
See Similar DealsMixed-use76,600 SF
Sold 01/14/2022
SOLD
Macquarie Group Acquires Mixed-Use Asset In SoHo From JPMorgan For $130M
375 West Broadway, New York City, New York 10012, United States
See Similar DealsMixed-use76,600 SF
Sold 01/14/2022
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,697
Total Square Footage:76,600 SF
Transaction Type:Sale
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)
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$461,862.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$616,266.32
Annual Debt Service$7,395,195.87
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