Moe Greenzweig Acquires Mixed-Use Property On Broadway In New York City For $12M
SOLD
$12,000,000
New York
See Similar DealsMixed-use52,598 SF
Sold 04/21/2023
SOLD
Moe Greenzweig Acquires Mixed-Use Property On Broadway In New York City For $12M
4300 Broadway
See Similar DealsMixed-use52,598 SF
Sold 04/21/2023
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$228
Total Square Footage:52,598 SF
Transaction Type:Sale
A mixed-use property located at 4300 Broadway in New York City has been sold for a price of $12,000,000. The property spans 52,598 square feet, resulting in a price per square foot of $228.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $12,000,000
- Address: 4300 Broadway
- Market: New York City
The buyer of the property is Moe Greenzweig. The transaction was facilitated by Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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