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378 Broome Street

Ben Ferziger Acquires Retail Property At 378 Broome Street For $2,375,000 From Urban Standard Capital
SOLDRetail

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

Brett Siegel

Newmark

Broker

$6.4B

vol

82 deals

Broker
Urban Standard Capital
Urban Standard CapitalSeller

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