Andrew Aryeh & Brandon Aryeh Acquire Mixed-Use Property For $16.2M In Soho
SOLD
$16,200,000
New York
See Similar DealsMixed-use30,000 SF
Sold 11/30/2020
SOLD
Andrew Aryeh & Brandon Aryeh Acquire Mixed-Use Property For $16.2M In Soho
595 Broadway, New York, NY 10012, USA
See Similar DealsMixed-use30,000 SF
Sold 11/30/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$540
Total Square Footage:30,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$864,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,555.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,796.26
Annual Debt Service$921,555.18
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