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111 Murray Street

Tal Family Acquires Retail Condos From Witkoff Group And Fisher Brothers For $2.55M
SOLDRetail

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

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.

Players

Josh Goldflam

Highcap Group

Broker

$278.1M

vol

29 deals

Broker
Highcap Group
Highcap GroupBrokerage
Fisher Brothers
Fisher BrothersSeller

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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