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595 Broadway, New York, NY ...

Andrew Aryeh & Brandon Aryeh Acquire Mixed-Use Property For $16.2M In Soho
SOLDMixed-use

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

Brandon Aryeh

Aryeh Realty

Buyer

$48.8M

vol

4 deals

Buyer

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