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
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