Bobby Zar & James Tamborlane Acquire Mixed-Use Property In NoHo For $10M

Located at 654 Broadway in the NoHo neighborhood, a mixed-use property has been sold for a total of $10,000,000. The property spans 19,979 square feet, resulting in a price per square foot of $500. The transaction took place on May 19, 2021.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $10,000,000
• Address: 654 Broadway
• Market: NoHo

The buyer of the property was Bobby Zar & James Tamborlane, represented by ZG Capital. They acquired the property from Ken Bernstein, who was represented by Acadia Realty Trust. The deal was facilitated by brokers Brian Segall and George Martinecz ewmark.

Furthermore, a loan amount of $6,500,000 was obtained from Goldman Sachs, with the brokerage services provided by Daniel Fromm from Newmark.