Tal Family Acquires Retail Condos From Witkoff Group And Fisher Brothers For $2.55M
111 Murray Street
$2,550,000
$944/SF
Building Size
2,700 SF
Asset Type
Retail
Closing
Jun 17, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 111 Murray Street in the Tribeca market of Manhattan. The sale price for this property was $2,550,000, with a total square footage of 2,700 and a price per square foot of $944.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,550,000
- Address: 111 Murray Street
- Market: Tribeca, Manhattan
- Asset Size: 2,700 SF
- Price per Square Foot: $944
- Buyer: Tal Family
- Seller: Witkoff Group & Fisher Brothers
- Broker: Josh Goldflam - Highcap Group
Notably, this transaction included three retail condos situated at the base of a luxury high-rise tower, which are fully occupied by Brooklyn Bread and Interlude Coffee. Josh Goldflam represented both the sellers and the buyer in this deal.
On the Map
$2,550,000
$944/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $944 per square foot on a published $2.6M for 2,700 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93