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893 Broadway

Mixed-use Property At 893 Broadway Sold For $31 Million With Atlantic Retail As Seller's Rep
SOLDMixed-use

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:

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

Evan Clements

Atlantic Retail

Broker

$31M

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

0.51%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93