Premier Equities Acquires Retail Condo In Union Square For $11.5M
SOLD
$11,500,000
New York
See Similar Deals90,300 SF
Sold
SOLD
Premier Equities Acquires Retail Condo In Union Square For $11.5M
835 Broadway, New York, NY 10003, USA
See Similar Deals90,300 SF
Sold
Summary
NEW YORK
Price Per Square Foot:$127
Total Square Footage:90300 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
Is there something missing? Send suggestions