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365 Broadway

Vishal Patel Purchases Retail/Specialty Property From Lawrence Erlbaum For $1.9 Million In Hillsdale
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Vishal Patel Purchases Retail/Specialty Property From Lawrence Erlbaum For $1.9 Million In Hillsdale

365 Broadway

$1,900,000

$271/SF

Building Size

7,000 SF

Asset Type

Retail

Closing

Jan 30, 2026

AI

The transaction involves a retail/specialty purpose property located at 365 Broadway in Hillsdale. The sale price for this asset was $1,900,000, which translates to a price per square foot of $271, covering a total area of 7,000 square feet.

Summary of transaction details:

  • Property Type: Retail/Specialty Purpose
  • Transaction Amount: $1,900,000
  • Address: 365 Broadway
  • Market: Hillsdale
  • Square Footage: 7,000
  • Price Per Square Foot: $271
  • Buyer: Vishal Patel
  • Seller: Lawrence Erlbaum
  • Broker Representatives: Edward Kim & Christine Forsini - Prominent Properties Commercial

Edward Kim and Christine Forsini represented the transaction, bringing expertise from Prominent Properties Commercial to facilitate the sale between Vishal Patel and Lawrence Erlbaum.

Players

Edward Kim

Prominent Properties Commercial

Broker

$14.7M

vol

3 deals

Broker

Hillsdale 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93