Updated Sep 8, 2026
Dana Lowey Acquires Multifamily Property At 247 Broome Street For $6.5M From Ralph Della Cava
247 Broome Street
$6,500,000
$746/SF
Building Size
8,704 SF
Asset Type
MultiFamily
Closing
Aug 24, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property located at 247 Broome Street in the Lower East Side. The sale price was $6,500,000, covering an area of 8,704 square feet, which translates to a price per square foot of $746.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Address: 247 Broome Street
- Market: Lower East Side
- Square Footage: 8,704
- Price Per Square Foot: $746
- Buyer: Dana Lowey
- Seller: Ralph Della Cava
- Brokers: Joe Koicim, Logan Markley, Peter Dodge & Matt Berger - Marcus & Millichap
The transaction was facilitated by multiple brokers from Marcus & Millichap, specifically Joe Koicim, Logan Markley, Peter Dodge, and Matt Berger. These individuals played a key role in representing the interests of the buyer and the seller throughout the deal process.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93