Dax Real Estate Purchases Multifamily Property At 385 Broome Street Little Italy For $10.94M

The property involved in the transaction is a multifamily asset located at 385 Broome Street, in the Little Italy neighborhood of Manhattan. The sale price was $10,938,888 for the 13,000 square feet building, which comprises 7 units, resulting in a per unit price of $1,562,698 and a price per square foot of $841.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $10,938,888
• Units: 7
• Square Feet: 13,000
• Price per Unit: $1,562,698
• Price per Square Foot: $841

The buyer of the property is Dax Real Estate, while the seller's representative for the transaction was Anne Chang from Jade Stone Real Estate. The brokers involved in this deal were Joseph Koicim, Peter Dodge, and Logan Markley, all from Marcus & Millichap, alongside Daniel Hedaya from Dax Real Estate.