SOLD
Bobby Zar & James Tamborlane Acquire Mixed-Use Property In NoHo For $10M
654 Broadway
Mixed-use
19,979 SF
19,979 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Mixed-use
19,979 sqft
Located at 654 Broadway in the NoHo neighborhood, a mixed-use property has been sold for a total of $10,000,000. The property spans 19,979 square feet, resulting in a price per square foot of $500. The transaction took place on May 19, 2021.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Address: 654 Broadway
- Market: NoHo
The buyer of the property was Bobby Zar & James Tamborlane, represented by ZG Capital. They acquired the property from Ken Bernstein, who was represented by Acadia Realty Trust. The deal was facilitated by brokers Brian Segall and George Martinecz ewmark.
Furthermore, a loan amount of $6,500,000 was obtained from Goldman Sachs, with the brokerage services provided by Daniel Fromm from Newmark.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: James Tamborlane, George Martinecz, Bobby Zar, Brian Segall & Ken Bernstein
DATE: 05/19/2021
ADDRESS: 654 Broadway
MARKET: NoHo
ASSET TYPE: Mixed-use
BUYER: Bobby Zar & James Tamborlane - ZG Capital
SELLER: Ken Bernstein - Acadia Realty Trust
BROKERS: Brian Segall & George Martinecz - @Newmark
SALE PRICE: $10,000,000
SF: 19,979 ~ PPSF: $500
LOAN AMOUNT: $6,500,000
LENDER: Goldman Sachs
BROKER: Daniel Fromm @NewmarkView on map
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Address654 Broadway
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