Cushman & Wakefield Brokers Sell Mixed-Use Property On Broadway In NYC For $10.6M
5008 Broadway
$10,600,000
$218/SF
Building Size
48,576 SF
Asset Type
Mixed-use
Closing
Apr 27, 2023
About this deal
AI
The mixed-use property located at 5008 Broadway in New York City has been sold for a total price of $10,600,000. The property spans a total area of 48,576 square feet, resulting in a price per square foot of $218. The transaction took place on April 27, 2023.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,600,000
- Square Footage: 48,576
- Price per Square Foot: $218
- Address: 5008 Broadway, New York City
The sale of this mixed-use property was facilitated by the brokerage firm Cushman & Wakefield, with Robert Shapiro, Ian Brooks, and Jordan Sutton representing the deal as brokers.
Players
Market 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93