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
About this deal
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.
On the Map
$38,000,000
$4,405/SF
Retail
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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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93