457 Broome St
457 Broome St, New York, NY, 10013
$21,300,000
$852/SF
Building Size
25,000 SF
Asset Type
Office
Closing
Aug 1, 2019
About this deal
AI
The property located at 457 Broome St, New York, NY, has been sold for $21,300,000.00. This asset spans 25,000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $21,300,000.00
- Address: 457 Broome St, New York, NY, 10013
- Market: New York
- Seller's Representative: Lipa Lieberman, David Schechtman - Meridian Capital Group
- Buyer: Sabet Group
- Square Footage: 25,000
Lipa Lieberman and David Schechtman from Meridian Capital Group represented the seller in this transaction. The buyer involved in this deal is Sabet Group, indicating active participation from both brokerage and investment sectors in the New York real estate market.
Players
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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93