Bobby Zar Of ZG Capital Partners Acquires Multifamily Property In NoHo For $10.9M
680 Broadway
$10,900,000
Units
4
Asset Type
MultiFamily
Closing
Jan 21, 2026
AI
The property involved in this transaction is a multifamily asset located at 680 Broadway in the NoHo neighborhood of Manhattan. The sale price was $10,900,000 for a total of 4 units, resulting in a price per unit of $2,725,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,900,000
- Buyer: Bobby Zar
- Buyer's Company: ZG Capital Partners
- Seller: Lagfin
- Units: 4
- Price Per Unit: $2,725,000
- Date of Sale: 01/21/2026
- Market: NoHo, Manhattan
ZG Capital Partners, through Great Jones Alley, LLC, acquired the four-unit property from Lagfin, which is associated with Campari. This sale reflects a decrease from the seller's previous purchase price of $12.1 million in 2022.
Players
New York 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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93