Crown Acquisitions Acquires Mixed-Use Property In Soho For $17.1M
453 Broome St, New York, NY 10013, USA
$17,089,000
$524/SF
Building Size
32,604 SF
Asset Type
Mixed-use
Closing
Apr 2, 2020
AI
The mixed-use property located at 453 Broome Street in Soho has been sold in a closed transaction. The buyer, Crown Acquisitions, represented by Isaac Chera, acquired an interest in the building. The seller, International Olive Company Inc, represented by Daniel & Ari Millner, agreed to the sale.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $17,089,000
- Address: 453 Broome Street
- Market: Soho
- Buyer: Crown Acquisitions - Isaac Chera
- Seller: International Olive Company Inc - Daniel & Ari Millner
- Square Footage: 32,604
- Price Per Square Foot: $524
The transaction involved Crown Acquisitions, led by Isaac Chera, purchasing an interest in the mixed-use property located at 453 Broome Street in Soho. The seller, International Olive Company Inc, represented by Daniel & Ari Millner, agreed to sell the property. The deal was closed for a total transaction amount of $17,089,000. The property spans an area measuring 32,604 square feet, resulting in a price per square foot of $524.
Players
New York 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93