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545 Broadway

Broadway Square NYC LLC Acquires Office Property In Williamsburg For $23M
SOLDMultiFamily

Broadway Square NYC LLC Acquires Office Property In Williamsburg For $23M

545 Broadway

$23,000,000

$442,307/SF

Building Size

52 SF

Asset Type

MultiFamily

Closing

Jan 6, 2022

AI

Located at 545 Broadway in the Williamsburg market, this office property was recently sold in a transaction that closed on June 1, 2022. The property spans a total of 52,648 square feet and was sold for a price of $23,000,000. With a price per square foot of $436, it offers a desirable investment opportunity in the thriving Williamsburg area.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $23,000,000
  • Square Footage: 52,648
  • Price Per Square Foot: $436
  • Address: 545 Broadway
  • Market: Williamsburg

The buyer in this transaction is Jacob Fulop, representing Broadway Square NYC LLC, while the seller is Acuity Capital Partners.

Players

Jacob Fulop

Buyer

$81.2M

vol

8 deals

Buyer
AP
Acuity Capital PartnersSeller

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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93