facebook
Traded Co logo
Submit
Daily limit: 0/10

Gregg L. Schenker Of ABS Real Estate Partners Acquires Mixed-Use Building In Tribeca For $9.6M

Property Image
SOLD
$9,600,000

New York

See Similar Deals
Mixed-use15,914 SF
Sold 12/19/2025
the dealdetailscomps
Property Image
SOLD

Gregg L. Schenker Of ABS Real Estate Partners Acquires Mixed-Use Building In Tribeca For $9.6M

407 Broadway

See Similar Deals
Mixed-use15,914 SF
Sold 12/19/2025
the dealdetailscomps

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$603
Total Square Footage:15,914 SF
Transaction Type:Sale

A mixed-use property located at 407 Broadway in the Tribeca market of Manhattan was involved in a sale transaction. The property has a sale price of $9,600,000 and encompasses 15,914 square feet, resulting in a price per square foot of $603.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $9,600,000
  • Address: 407 Broadway
  • Market: Tribeca, Manhattan
  • Buyer: Gregg L. Schenker - ABS Real Estate Partners
  • Seller: Steven Hornstock, Peter Burack & Kayden Family
  • Debt Refinanced: $8,500,000
  • Additional Stake Acquired: 76.5%

The transaction was carried out by Gregg L. Schenker representing ABS Real Estate Partners in the acquisition of the property from sellers Steven Hornstock, Peter Burack, and the Kayden Family. This acquisition signifies a strategic investment in the mixed-use sector of Tribeca.

Players

ABS Real Estate Partners
ABS Real Estate Partners
BUYER

Details

SOLD
IMAGE: Gregg L. Schenker DATE: 12/19/2025 ADDRESS: 407 Broadway MARKET: Tribeca, Manhattan ASSET TYPE: Mixed-use BUYER: Gregg L. Schenker - ABS Real Estate Partners SELLER: Steven Hornstock, Peter Burack & Kayden Family SALE PRICE: $9,600,000 SF: 15,914 ~ PPSF: $603 NOTE: ABS Partners Real Estate acquired an additional 76.5% stake in the mixed-use building at 407 Broadway, Tribeca, for $9.6M and refinanced its debt to $8.5M.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$511,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,508.90
Annual Debt Service$546,106.77