Rosenkranz Foundation Acquires Former Market Line Food Hall Condo For $12.9M In Lower East Side
202 Broome Street
$12,900,000
$364/SF
Building Size
35,421 SF
Asset Type
Retail
Closing
May 1, 2025
About this deal
AI
The retail asset located at 202 Broome Street in the Lower East Side of Manhattan was sold for $12,900,000. The property encompasses a total area of 35,421 square feet, pricing it at approximately $364 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,900,000
- Address: 202 Broome Street
- Market: Lower East Side, Manhattan
- Sale Price: $12,900,000
- SF: 35,421
- PPSF: $364
- Buyer: Rosenkranz Foundation
- Seller: Charles R. Bendit, Paul E. Pariser - Taconic Partners; Lisa Gomez - L+M Development Partners; Donald Capoccia - BFC Development Partners
The Rosenkranz Foundation acquired the former Market Line Food Hall condo from Taconic, L+M, and BFC Development as part of this transaction.
On the Map
$12,900,000
$364/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $364 per square foot on a published $12.9M for 35,421 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93