Marcus & Millichap Sells Mixed-Use Property On West Broadway In New York City For $13.2M
414-416 West Broadway
$13,200,000
$985/SF
Building Size
13,396 SF
Asset Type
Mixed-use
Closing
Aug 8, 2023
AI
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
Market 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93