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793 Broadway, Manhattan, Ne...

Bijan Nassi Acquires Mixed-Use Property On Broadway In Greenwich Village For $4.25M
SOLDMixed-use

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