Nick Parekh Of Aneri Jewels Purchases Midtown West Office For $6.75M From Richard Mack
1619 Broadway
$6,750,000
$549/SF
Building Size
12,295 SF
Asset Type
Office
Closing
Sep 4, 2025
About this deal
AI
A 12,295-square-foot office condo located at 1619 Broadway in Midtown West was sold for $6.75 million. The property is situated in a prominent market area in Manhattan, with a price per square foot of approximately $549.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,750,000
- Square Footage: 12,295
- Address: 1619 Broadway
- Market: Midtown West, Manhattan
- Buyer: Nick Parekh - Aneri Jewels
- Seller: Richard Mack - Mack Real Estate Group
Nick Parekh represented Aneri Jewels in the acquisition of the office space, while Richard Mack represented Mack Real Estate Group in the sale. This transaction marks a significant business move for Aneri Jewels within the office market in Manhattan.
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93