Uniqlo Acquires Mixed-Use Property In SoHo For $160M
546 Broadway, Manhattan, New York, NY 10012, USA
$160,000,000
$1,666/SF
Building Size
96,030 SF
Asset Type
Mixed-use
Closing
Jun 9, 2020
About this deal
AI
546 Broadway, located in the SoHo market, has been sold in a mixed-use sale transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $160,000,000
- Size: 96,030 square feet
- Price per square foot: $1,666
Tadashi Yanai & Isaac Chetrit sold the property to the buyer, Uniqlo. Uniqlo is a Japanese retailer known for its clothing and has acquired this asset in SoHo.
The mixed use sale at 546 Broadway, Manhattan, New York, NY 10012, USA in New York, New York sold for $160M in 2020. The building is 96,030 square feet, implying about 1.7K per square foot on the published price. This page is the New York, New York file for the 546 Broadway, Manhattan, New York, NY 10012, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 546 Broadway, Manhattan, New York, NY 10012, USA around 2020. Published consideration for 546 Broadway, Manhattan, New York, NY 10012, USA is $160M, dated 2020. Cite this Uniqlo Acquires Mixed-Use Property In SoHo For $160M sale when underwriting similar mixed use product around New York, New York.
New York Mixed-use Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93