Marcelo Duek & Iair M. Robenkranz Acquire Mixed-Use Property In SoHo For $9.55M
SOLD
$9,550,000
+ 1
New York
See Similar DealsMixed-use75,000 SF
Sold
SOLD
Marcelo Duek & Iair M. Robenkranz Acquire Mixed-Use Property In SoHo For $9.55M
500 Broome St, New York, NY 10013, USA
See Similar DealsMixed-use75,000 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$127
Total Square Footage:75000 SF
Transaction Type:Sale
The mixed-use property located at 500 Broome Street in SoHo has been sold in a closed transaction. The property spans across 7,500 square feet and was sold at a price of $9,550,000, resulting in a price per square foot of $1,273. The sale was completed on October 16, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $9,550,000
- Address: 500 Broome Street
- Market: SoHo
- Size: 7,500 square feet
The buyers of the property are Marcelo Duek and Iair M. Robenkranz, while the seller is Adrienne Schere. Lee & Associates, represented by brokers Paul Popkin, Ben Tapper, Stephen Tarter, and Sean Slattery, facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$509,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,929.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,271.87
Annual Debt Service$543,262.47
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