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

654 Broadway
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This Mixed-use property located in NY was sold for $10,000,000 almost 4 years ago. The brokers of the deal were George Martinecz, Daniel Fromm, and Brian Segall

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.

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  • Location
    654 Broadway, New York, NY 10012654 Broadway, New York, NY 10012
  • Sale Price
    $10,000,000$10,000,000
    $500 PPSF$500 PPSF
  • Area
    19,979 SF19,979 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

George Martinecz

George Martinecz

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Sold$61.6M

Daniel Fromm

Daniel Fromm

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Financed$4B

Brian Segall

Brian Segall

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Sold$158.3M

Agency

Newmark

Newmark

Agency
Deals3818
Volume$392.4B

Goldman Sachs

Goldman Sachs

Lender
Deals81
Volume$ 1.2T

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Deal Summary

SALE IMAGE: James Tamborlane, George Martinecz, Bobby Zar, Brian Segall & Ken Bernstein DATE: 05/19/2021 ADDRESS: 654 Broadway MARKET: NoHo ASSET TYPE: Mixed-use BUYER: Bobby Zar & James Tamborlane - ZG Capital SELLER: Ken Bernstein - Acadia Realty Trust BROKERS: Brian Segall & George Martinecz - @Newmark SALE PRICE: $10,000,000 SF: 19,979 ~ PPSF: $500 LOAN AMOUNT: $6,500,000 LENDER: Goldman Sachs BROKER: Daniel Fromm @Newmark

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654 Broadway

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