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
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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