Andrew Aryeh & Brandon Aryeh Acquire Mixed-Use Property For $16.2M In Soho
595 Broadway, New York, NY 10012, USA
$16,200,000
$540/SF
Building Size
30,000 SF
Asset Type
Mixed-use
Closing
Nov 29, 2020
AI
Andrew Aryeh & Brandon Aryeh have acquired a mixed-use property located at 595 Broadway in the Soho market. The property, spanning 30,000 square feet, was sold for a price of $16,200,000, resulting in a price per square foot of $540. This transaction included 9 units, with each unit priced at $1,800,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $16,200,000
- Square Footage: 30,000
- Price per Square Foot: $540
- Number of Units: 9
- Price per Unit: $1,800,000
The buyer, Andrew Aryeh @MelechAryeh & Brandon Aryeh, successfully completed the acquisition of the property. The seller in this transaction was Seth Hauser.
Players
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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93