Ben Ferziger Acquires Retail Property At 378 Broome Street For $2,375,000 From Urban Standard Capital
378 Broome Street
$2,375,000
$1,190/SF
Building Size
1,995 SF
Asset Type
Retail
Closing
Jul 16, 2026
AI
The asset involved in this transaction is a retail property located at 378 Broome Street in Manhattan. The sale price for the property was $2,375,000, with a total area of 1,995 square feet, resulting in a price per square foot of $1,190.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,375,000
- Address: 378 Broome Street
- Market: Manhattan
- Square Footage: 1,995
- Price per Square Foot: $1,190
- Buyer: Ben Ferziger
- Seller: Urban Standard Capital
- Seller's Representatives: Maurice Suede, Brett Siegel, Eric Roth & Harry James - Newmark
The transaction involved key individuals including Ben Ferziger as the buyer and Urban Standard Capital as the seller. The seller's representatives for this deal were Maurice Suede, Brett Siegel, Eric Roth, and Harry James, representing Urban Standard Capital through Newmark.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.68%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93