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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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