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2794 Broadway New York, NY ...

Nathan Benelyahou Acquires Mixed-Use Property On Upper West Side For $9.51M
SOLDMixed-use

Nathan Benelyahou Acquires Mixed-Use Property On Upper West Side For $9.51M

2794 Broadway New York, NY 10025, USA

$9,510,000

$607/SF

Building Size

15,663 SF

Asset Type

Mixed-use

Closing

Jun 28, 2023

AI

2794 Broadway, located in the Upper West Side market, has been sold in a recent transaction. The mixed-use property consists of 13 apartments and 3 stores, offering a total square footage of 15,663. The property, owned by the Kriger Family, was purchased by Nathan Benelyahou. The deal was facilitated by brokers from Investment Property Realty Group (IPRG), namely Zachary Ziskin, Adam Lobel, and Justin Zeitchik.

Summary of transaction details:

  • Property Type: Mixed-Use (13 Apartments & 3 Stores)
  • Transaction Amount: $9,510,000
  • Address: 2794 Broadway
  • Market: Upper West Side
  • Buyer: Nathan Benelyahou
  • Seller: Kriger Family
  • Brokers: Zachary Ziskin, Adam Lobel, & Justin Zeitchik - Investment Property Realty Group (IPRG)
  • Total Square Footage: 15,663
  • Price per Square Foot: $607

The transaction showcases the expertise of Zachary Ziskin, Adam Lobel, and Justin Zeitchik from Investment Property Realty Group (IPRG). These brokers successfully facilitated the deal between the buyer, Nathan Benelyahou, and the seller, Kriger Family.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

Nathan Benelyahou

Buyer

$21.9M

vol

6 deals

Buyer

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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93