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666 Broadway, New York City...

Center For Constitutional Rights Acquires Office Space In NoHo For $5.58M
SOLDOffice

Center For Constitutional Rights Acquires Office Space In NoHo For $5.58M

666 Broadway, New York City, New York 10012, United States

$5,575,000

$646/SF

Building Size

8,621 SF

Asset Type

Office

Closing

Mar 3, 2022

AI

The recently closed property transaction in NoHo involved the sale of an office building located at 666 Broadway. The property, spanning over 8,621 square feet, was sold for a total of $5,575,000. The price per square foot (PPRSF) for this transaction equated to $646.

Summary of transaction details:

The buyer of the property was the Center for Constitutional Rights, while the seller was the Trust For Public Land. Christopher Turner from Denham Wolf represented the buyer in this transaction, and Mitchell Levine, Brent Glodowski, and Bradley Rothschild from Avison Young acted as the seller's representatives.

Players

Brent Glodowski

Avison Young

Broker

$612M

vol

34 deals

Broker
TL
The Trust for Public LandSeller

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

2.85%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93