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Marcus & Millichap Sells Mixed-Use Property On West Broadway In New York City For $13.2M

Property Image
SOLD
$13,200,000
Joshua Bluestein
John J. Stewart
VB

New York

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Mixed-use13,396 SF
Sold
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Property Image
SOLD

Marcus & Millichap Sells Mixed-Use Property On West Broadway In New York City For $13.2M

414-416 West Broadway

See Similar Deals
Mixed-use13,396 SF
Sold
Joshua Bluestein
John J. Stewart
VB
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$985
Total Square Footage:13,396 SF
Transaction Type:Sale

The mixed-use property located at 414-416 West Broadway in New York City has been sold for a price of $13,200,000. The property spans a total area of 13,396 square feet and has a price per square foot of $985. This sale was facilitated by brokers John J. Stewart and Joshua Bluestein from Marcus & Millichap.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $13,200,000
  • Address: 414-416 West Broadway, New York City
  • Market: New York City
  • Square Footage: 13,396
  • Price per Square Foot: $985

John J. Stewart and Joshua Bluestein from Marcus & Millichap played instrumental roles as the brokers in this property transaction. Their expertise and negotiation skills contributed to the successful sale of the mixed-use property at 414-416 West Broadway.

Players

Joshua Bluestein
Marcus & Millichap
Joshua Bluestein
6 deals$45.4M volume(205) 527-1940
BROKER
John J. Stewart
Marcus & Millichap
John J. Stewart
30 deals$212.6M volume
BROKER
VB
Valerie Berk
2 deals$26.4M volume
BROKER

Details

SOLD
IMAGE: John J. Stewart & Joshua Bluestein DATE: 08/08/2023 ADDRESS: 414-416 West Broadway MARKET: New York City ASSET TYPE: Mixed-use BROKERS: John J. Stewart (@NYCBuildingAdvisors) & Joshua Bluestein (@Joshua.Bluestein) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $13,200,000 SF: 13,396 ~ PPSF: $985

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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