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453 Broome St, New York, NY...

Crown Acquisitions Acquires Mixed-Use Property In Soho For $17.1M
SOLDMixed-use

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

Crown Acquisitions
Crown AcquisitionsBrokerage

Isaac Chera

Crown Acquisitions

Buyer

$74.6M

vol

8 deals

Buyer

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