Tal Family Acquires Retail Condos From Witkoff Group And Fisher Brothers For $2.55M
SOLD
$2,550,000
New York
See Similar DealsRetail2,700 SF
Sold
SOLD
Tal Family Acquires Retail Condos From Witkoff Group And Fisher Brothers For $2.55M
111 Murray Street
See Similar DealsRetail2,700 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$944
Total Square Footage:2,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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