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535 Broadway

Jamie Berenger Acquires Mixed-Use Building At 535 Broadway In SoHo For $23M
SOLDMixed-use

Jamie Berenger Acquires Mixed-Use Building At 535 Broadway In SoHo For $23M

535 Broadway

$23,000,000

$1,936/SF

Building Size

11,875 SF

Asset Type

Mixed-use

Closing

Dec 6, 2023

AI

A five-unit mixed-use building located at 535 Broadway in SoHo, Manhattan has been sold for $23,037,736. The property is situated in a prime location in the SoHo market, known for its vibrant art scene and trendy shopping district. Spanning a total square footage of 11,875, the building offers a diverse range of residential and commercial spaces, making it an attractive investment opportunity. With a price per square foot of $1,940, the property's sale price also reflects its desirability in the market.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $23,037,736
  • Address: 535 Broadway
  • Market: SoHo, Manhattan
  • Seller: Continental Equities Group
  • Buyer: Jamie Berenger

Jamie Berenger, represented by their broker, was the buyer in this transaction. The seller, Continental Equities Group, successfully closed the deal with A10 Cap Reo-535 Broadway, LLC. This acquisition further demonstrates the robust real estate market in SoHo, with investors recognizing the value and potential of mixed-use properties in the area.

Players

Jamie Berenger

Buyer

$42.5M

vol

2 deals

Buyer
CG
Continental Equities GroupSeller

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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93