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26 Broome Street

Eden & Alon Ashourzadeh Acquire 5-Unit MultiFamily In NYC For $3.05M
SOLDMultiFamily

Eden & Alon Ashourzadeh Acquire 5-Unit MultiFamily In NYC For $3.05M

26 Broome Street

$3,050,000

$436/SF

Building Size

6,995 SF

Asset Type

MultiFamily

Closing

Apr 21, 2023

AI

The multi-family property located at 26 Broome Street in New York City has been sold in a recent transaction. The property consists of 5 units with a total square footage of 6,995. The sale price for the property was $3,050,000, resulting in a per unit price of $610,000. The price per square foot was calculated at $436.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $3,050,000
  • Units: 5
  • Price Per Unit: $610,000
  • Square Footage: 6,995
  • Price Per Square Foot: $436
  • Address: 26 Broome Street, New York City
  • Market: New York City

The buyer of the property was Eden Ashourzadeh & Alon Ashourzadeh, while the seller was Peter Ogilve. The deal was facilitated by brokers Shaun Riney, Michael Salvatico, and Samuel Leppo from Marcus & Millichap.

Players

Michael Salvatico

Marcus & Millichap

Broker

$795.9M

vol

175 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

360 deals

Broker

Alon Ashourzadeh

Buyer

$9.7M

vol

4 deals

Buyer

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93