facebook
Traded Co logo
Submit

SL Green And Wharton Properties Acquire Retail Asset At 1552-1560 Broadway For $195M

Property Image
SOLD
$195,000,000
Drew Isaacson
Jonathan (Jon) Hageman
+ 3

New York

See Similar Deals
Retail59,434 SF
Sold 06/13/2025
the dealplayerscompscontact
Property Image
SOLD

SL Green And Wharton Properties Acquire Retail Asset At 1552-1560 Broadway For $195M

1552 1560 Broadway

See Similar Deals
Retail59,434 SF
Sold 06/13/2025
Drew Isaacson
Jonathan (Jon) Hageman
+ 3
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$3,281
Total Square Footage:59,434 SF
Transaction Type:Sale

The asset involved in this transaction is located at 1552-1560 Broadway in Manhattan. This retail property encompasses a total square footage of 59,434, and the sale price for this transaction was $195,000,000, translating to a price per square foot of $3,280.

Summary of transaction details:

The brokerage firm JLL was represented by a team of six individuals: Jonathan Hageman, Sean Ryan, Hall Oster, Brett Rosenberg, Drew Isaacson, and Kyle Kaminski, all of whom played a significant role in facilitating this transaction involving the retail property in Manhattan.

Players

Brett Rosenberg
5 deals$783M volume(212) 812-5926
BROKER

Jonathan (Jon) Hageman
JLL
59 deals$2.5B volume(212) 812-5995
BROKER

Hall Oster
JLL
88 deals$2.1B volume
BROKER

Drew Isaacson
JLL
23 deals$6.3B volume
BROKER

Sean Ryan
JLL
3 deals$356.7M volume
BROKER

Kyle Kaminski
JLL
6 deals$197.6M volume
BROKER

JLL
BROKERAGE


Details

SOLD
IMAGE: Jonathan Hageman, Sean Ryan, Hall Oster, Brett Rosenberg, Drew Isaacson & Kyle Kaminski DATE: 6/13/2025 ADDRESS: 1552-1560 Broadway MARKET: Manhattan ASSET TYPE: Retail BUYER: SL Green (@SLGreen_Realty) & Wharton Properties BROKERS: Jonathan Hageman, Sean Ryan, Hall Oster, Brett Rosenberg, Drew Isaacson & Kyle Kaminski - JLL (@JLL) SALE PRICE: $195,000,000 SF: 59,434 ~ PPSF: $3,280

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$10,399,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$692,793.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$924,399.48
Annual Debt Service$11,092,793.81