Jonathan Slager Of Bridge Investment Group Acquires Office Building From Joshua Goldberg For $5M
1367 1369 Broadway
$5,000,000
$243/SF
Building Size
20,500 SF
Asset Type
Office
Closing
May 14, 2025
About this deal
AI
Bridge Investment Group acquired an office building located at 1367-1369 Broadway in the Garment District of Manhattan. The property encompasses 20,500 square feet and was purchased for $5,000,000. This transaction occurred during a foreclosure auction on May 14, 2025, following a prior $30.3 million loan default.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,000,000
- Sale Date: May 14, 2025
- Buyer: Jonathan Slager - Bridge Investment Group
- Seller: Joshua Goldberg - Goldberg Group
- Square Footage: 20,500
- Price Per Square Foot: $244
In this transaction, Jonathan Slager represented the buyer, Bridge Investment Group, while Joshua Goldberg represented the seller, Goldberg Group. The foreclosure auction facilitated the transfer of ownership, marking a significant shift in property control within the market.
On the Map
$5,000,000
$243/SF
Office
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Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93