Saima Chowdhury Of Noi Solutions Acquires Office Building From Richard Mack For $7M In Manhattan
1619 Broadway
$7,000,000
Building Size
—
Asset Type
Office
Closing
Sep 19, 2025
About this deal
AI
The asset involved in this transaction is an office property located at 1619 Broadway in Midtown West, Manhattan. The sale price of the property was $7,000,000, and it is intended for owner-occupancy by the buyer, Noi Solutions. The deal was finalized on September 19, 2025, following the signing of agreements in May.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,000,000
- Buyer: Saima Chowdhury - Noi Solutions
- Seller: Richard Mack - Mack Real Estate Group
- Market: Midtown West, Manhattan
Saima Chowdhury represents Noi Solutions, a sustainable apparel manufacturer, which used Nayaan LLC to facilitate the purchase of the property. Richard Mack represents Mack Real Estate Group as the seller in this transaction.
On the Map
$7,000,000
Office
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New York 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93