Bijan Nassi Acquires Mixed-Use Property On Broadway In Greenwich Village For $4.25M
793 Broadway, Manhattan, New York, NY, USA
$4,250,000
$985/SF
Building Size
4,312 SF
Asset Type
Mixed-use
Closing
Mar 23, 2021
AI
The mixed-use property located at 793 Broadway in Greenwich Village has been sold in a closed transaction. The property consists of 2 units and falls under the C6-1 zoning. With a sale date of March 24, 2021, the buyer Bijan Nassi acquired the property from Scott Glickman for a price of $4,250,000. The sale price translates to a price per square foot of $985, considering the total area of the property is 4,312 square feet. The building has a total of 12,498 buildable square feet, giving a price per buildable square foot of $340. The lot dimensions measure 25 feet by 91.25 feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,250,000
- Units: 2
- Zoning: C6-1
Bijan Nassi was represented by his attorney, Emouna & Mikhail, P.C., during the purchase. It is worth noting that Nassi also owns the neighboring property at 791 Broadway, which he acquired in 2009 for $5.8 million. He later demolished the property and constructed a new mixed-use building with 11 units (10 residential units and 1 commercial unit).
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93