Marcus & Millichap Brokers Sell Mixed-Use Property In Financial District For $12.25M
47 Broadway, New York City, New York 10006, United States
$12,250,000
$443/SF
Building Size
27,640 SF
Asset Type
Mixed-use
Closing
Mar 22, 2022
AI
The mixed-use property located at 47 Broadway in the Financial District has been sold for a total of $12,250,000. The transaction took place on March 23, 2022. The property spans across 27,640 square feet, resulting in a price per square foot of $443.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $12,250,000
- Address: 47 Broadway
- Market: Financial District
The sale of this property was facilitated by the brokers Matt Fotis, Robert Aaron, and Jonathan Zarin from Marcus & Millichap.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93