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
About this deal
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:
- Property Type: Office
- Transaction Amount: $5,575,000
- Address: 666 Broadway
- Market: NoHo
- Buyer: Center for Constitutional Rights
- Seller: Trust For Public Land
- Buyer's Representative: Christopher Turner - Denham Wolf
- Seller's Representatives: Mitchell Levine, Brent Glodowski, and Bradley Rothschild - Avison Young
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.
On the Map
$5,575,000
$646/SF
Office
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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
2.85%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93