Meadow Partners Acquires Soho Retail Condo On 542 Broadway For $10.9M
SOLD
$10,894,882
New York
See Similar DealsRetail68,580 SF
Sold 06/11/2020
SOLD
Meadow Partners Acquires Soho Retail Condo On 542 Broadway For $10.9M
542 Broadway, Dobbs Ferry, NY 10522, USA
See Similar DealsRetail68,580 SF
Sold 06/11/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$158
Total Square Footage:68,580 SF
Transaction Type:Sale
A retail condo located at 542 Broadway in the Soho market has been sold for a total price of $10,894,882. The property spans 6,858 square feet, with a price per square foot of $1,588.
Summary of transaction details:
- Property Type: Retail condo
- Transaction Amount: $10,894,882
The seller of the property was 60 Guilders, represented by Kevin Chisholm & Bastien Broda. The buyer in this transaction is Meadow Partners.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$581,060.38
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,707.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,647.30
Annual Debt Service$619,767.59
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