Dean Poll's Gallaghers Steakhouse Acquires Mixed-Use Property In Midtown West For $11.75M
228 West 52nd Street, New York City, New York 10019, United States
$11,750,000
$532/SF
Building Size
22,076 SF
Asset Type
Mixed-use
Closing
Aug 3, 2022
About this deal
AI
Dean Poll, the owner of Gallaghers Steakhouse, has purchased a mixed-use property located at 228 West 52nd Street in Midtown West. The sale was finalized on August 4, 2022, for a price of $11,750,000. The property spans across 22,076 square feet, resulting in a price per square foot of $532.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $11,750,000
- Address: 228 West 52nd Street
- Market: Midtown West
Dean Poll, known for his ownership of Gallaghers Steakhouse, acquired the property from Marlene Brody. The transaction showcases Dean Poll's continued presence in the real estate market.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93