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CBRE Acquires Retail Property In Financial District, Manhattan For $38M

Property Image
SOLD
$38,000,000
Justin Arzi
James Nelson
+ 3

New York

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Retail8,625 SF
Sold 10/20/2023
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Property Image
SOLD

CBRE Acquires Retail Property In Financial District, Manhattan For $38M

144 Fulton Street

See Similar Deals
Retail8,625 SF
Sold 10/20/2023
Justin Arzi
James Nelson
+ 3
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$4,405
Total Square Footage:8,625 SF
Transaction Type:Sale

The retail property located at 144 Fulton Street in the Financial District of Manhattan has been sold for a total of $38,000,000. The property spans across 8,625 square feet, resulting in a price per square foot of $4,406.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $38,000,000
  • Square Footage: 8,625
  • Price per Square Foot: $4,406
  • Address: 144 Fulton Street
  • Market: Financial District, Manhattan

The buyer's representatives involved in this deal were Daniel Kaplan and Justin Arzi from CBRE. On the other hand, the seller's representatives were David Shalom, James Nelson, Brent Glodowski, and Edward Nelson from Avison Young.

Players

David Shalom
38 deals$552.8M volume(212) 230-5948
BROKER

Justin Arzi
CBRE
38 deals$1.2B volume(212) 984-7142
BROKER

Brent Glodowski
Avison Young
33 deals$604.3M volume
BROKER

James Nelson
Avison Young
85 deals$1.9B volume
BROKER

Daniel (Dan) Kaplan
CBRE
55 deals$1.7B volume
BROKER

Edward "Ed" Nelson
Cushman & Wakefield
13 deals$144.3M volume
BROKER

Details

SOLD
IMAGE: David Shalom, James Nelson, Brent Glodowski, Edward Nelson, Daniel Kaplan & Justin Arzi DATE: 10/20/2023 ADDRESS: 144 Fulton Street MARKET: Financial District, Manhattan ASSET TYPE: Retail BUYER'S REP: Daniel Kaplan (@DKap24) & Justin Arzi (@Arzigram) - CBRE (@CBRE) SELLER'S REP: David Shalom (@D_Shal), James Nelson (@JamesNelsonNYC), Brent Glodowski (@itsBGlo) & Edward Nelson (@EdNelsonNYC) - Avison Young (@Avison_Young_Global) SALE PRICE: $38,000,000 SF: 8,625 ~ PPSF: $4,406

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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