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868 Broadway

Chris Guo Acquires 868 Broadway Mixed-use In Flatiron For $5.3M
SOLDMixed-use

Chris Guo Acquires 868 Broadway Mixed-use In Flatiron For $5.3M

868 Broadway

$5,300,000

$1,152/SF

Building Size

4,600 SF

Asset Type

Mixed-use

Closing

Mar 13, 2024

AI

The property located at 868 Broadway in Flatiron, Manhattan, was involved in a recent closed transaction. The mixed-use asset was sold for $5,300,000 with a size of 4,600 square feet, resulting in a price per square foot of $1,152. The sale was completed on 03/13/2024, with Bernadette Brennan and Jade Shenker from Serhant representing the buyer and seller, Chris Guo and Doug Dey, respectively.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,300,000
  • Address: 868 Broadway
  • Market: Flatiron, Manhattan
  • SF: 4,600
  • Buyer: Chris Guo
  • Seller: Doug Dey
  • Broker: Bernadette Brennan & Jade Shenker - Serhant

Additionally, Bernadette Brennan and Jade Shenker from Serhant acted as the representatives in the deal. The transaction at 868 Broadway signifies a notable closed deal in the Flatiron market, showcasing the active involvement of key individuals and companies in the real estate sector.

Players

Bernadette Brennan

Serhant

Broker

$206.8M

vol

11 deals

Broker

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

2.99%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93