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500 Broome St, New York, NY...

Marcelo Duek & Iair M. Robenkranz Acquire Mixed-Use Property In SoHo For $9.55M
SOLDMixed-use

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

Ben Tapper

Lee & Associates

Broker

$213.5M

vol

15 deals

Broker

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

1.66%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93