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835 Broadway, New York, NY ...

Premier Equities Acquires Retail Condo In Union Square For $11.5M
SOLD

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

Matthew Marshall

Marshall Real Estate

Broker

$147.4M

vol

27 deals

Broker
Yaron Jacobi

Yaron Jacobi

Premier Equities

Buyer

$138.6M

vol

10 deals

Buyer

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