Mixed-use Property At 893 Broadway Sold For $31 Million With Atlantic Retail As Seller's Rep
SOLD
$31,000,000
New York
See Similar DealsMixed-use25,442 SF
Sold 05/29/2026
SOLD
Mixed-use Property At 893 Broadway Sold For $31 Million With Atlantic Retail As Seller's Rep
893 Broadway
See Similar DealsMixed-use25,442 SF
Sold 05/29/2026
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,218
Total Square Footage:25,442 SF
Transaction Type:Sale
This mixed-use property is located at 893 Broadway in Manhattan. The sale price for this asset was $31,000,000, encompassing 25,442 square feet which breaks down to a price per square foot of $1,218.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $31,000,000
- Square Footage: 25,442
- Price per Square Foot: $1,218
- Address: 893 Broadway
- Market: Manhattan
- Seller's Representatives: Chris Peterson, Evan Clements & Joe Mastromonaco - Atlantic Retail
The transaction reflects the collaboration of the seller's representatives, Chris Peterson, Evan Clements, and Joe Mastromonaco, who are associated with Atlantic Retail. Their role was crucial in facilitating the sale of this property in the highly competitive Manhattan market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,653,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$110,136.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,955.82
Annual Debt Service$1,763,469.79
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