Che Family Acquires Retail Property On East Broadway In New York City For $3.9M
55 E Broadway, New York, NY 10002
$3,900,000
$712/SF
Building Size
5,475 SF
Asset Type
Retail
Closing
Jul 27, 2023
About this deal
AI
The retail property located at 55 East Broadway in New York City has been sold for a total price of $3,900,000. The property spans 5,475 square feet, resulting in a price per square foot of $712. The transaction took place on 07/27/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,900,000
- Square Footage: 5,475
- Price per Square Foot: $712
- Address: 55 East Broadway, New York City
- Market: New York City
The buyer of the property is the Che Family, while the seller is the Lin Family. The seller's representatives involved in the transaction are Michael Decheser and Bryan Hurley from Cushman & Wakefield. Maritza Tong acted as the buyer's representative.
On the Map
$3,900,000
$712/SF
Retail
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Players
New York 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93