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144 Fulton Street

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

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

144 Fulton Street

$38,000,000

$4,405/SF

Building Size

8,625 SF

Asset Type

Retail

Closing

Oct 20, 2023

AI

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

Avison Young

Broker

$546.1M

vol

37 deals

Broker

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

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93