Bizzi & Partners sells condo for $12.5M in Soho

The entity 565 S16b Broome LLC paid $12.5 million to Bizzi & Partners Development through its Broome Property Owner Jv LLC for condo (SC) unit S16B at 565 Broome Street in Soho, Manhattan.
The deal closed on June 10, 2021 and was recorded on July 14, 2021.
The property has 3,576 square feet according to PincusCo analysis of city data. The sale price per built square foot is $3,482 per the PincusCo analysis.
(121193234)The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 111 residential units on July 9, 2020.
There was a condominium project filed with the address 565 Broome Street and the name 565 Broome Soho Condominium on June 18, 2015. The principals of the sponsor, Broome Property Owner Jv, Llc, were Stephen Della Salla and Jon Halpern. link
Within a 400-foot radius of 565 Broome Street, PincusCo identified five commercial real estate items of interests occurred over the past 24 months.
Of those five items, one was in new building development. It was a new building permit issued on November 12, 2020 for a 131,938-square-foot residential R-2 building with 100 residential units residential units at 566 Broome Street.
Of those five items, one was for major renovation including a certificate of occupancy change. It was a permit issued on November 6, 2019 for the $1.3 million renovation of 6,493-square-foot R-3 building with two residential units at 574 Broome Street.
Of those five items, two were sales above $5 million totaling $34.3 million. The most recent of the two was FEYNMAN POINT LLC which bought one condo unit in the 4,430-square-foot, 230-unit mixed-use building (RM) on 565 Broome Street for $22.6 million from Halpern Real Estate Ventures on November 23, 2020.
One of those five items was a loan which Yaniv Garbo borrowed $6.2 million from Broome Street Servicing LLC secured by the N/A-square-foot, three-unit mixed-use building (S2) on 574 Broome Street on October 22, 2020.

Direct link to Acris document. link