Marcelo Duek & Iair M. Robenkranz Acquire Mixed-Use Property In SoHo For $9.55M
500 Broome St, New York, NY 10013, USA
$9,550,000
$127/SF
Building Size
75,000 SF
Asset Type
Mixed-use
Closing
Oct 15, 2020
AI
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.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.66%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93