Premier Equities Acquires Retail Condo In Union Square For $11.5M
835 Broadway, New York, NY 10003, USA
$11,500,000
$127/SF
Building Size
90,300 SF
Asset Type
—
Closing
Nov 20, 2019
AI
Located at 835 Broadway in Union Square, this retail condo has recently been sold in a closed transaction. The property spans a total of 9,030 square feet, with the ground floor comprising 4,668 square feet and the lower level covering 4,362 square feet. The sale price for this retail condo was $11,500,000, resulting in a price per square foot of $2,463.
Summary of transation details
- Property Type: Retail Condo
- Transaction Amount: $11,500,000
- Square Footage: 9,030 SF (Ground – 4,668 SF, Lower – 4,362 SF)
- Price Per Square Foot: $2,463
- Address: 835 Broadway, Union Square
The seller of this property is Kenneth Kahn, while the buyer is Yaron Jacobi representing PremierEquities and Jenel. The deal was facilitated by broker Matthew Marshall.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93