Mixed-use Property At 893 Broadway Sold For $31 Million With Atlantic Retail As Seller's Rep
893 Broadway
$31,000,000
$1,218/SF
Building Size
25,442 SF
Asset Type
Mixed-use
Closing
May 28, 2026
AI
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.
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93