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156 Broadway Brooklyn, NY 1...

Updated Oct 29, 2024

G4 Capital Partners Acquires Retail Property In New York City For $1.75M
SOLDRetail

G4 Capital Partners Acquires Retail Property In New York City For $1.75M

156 Broadway Brooklyn, NY 11211, USA

$1,750,000

$519/SF

Building Size

3,372 SF

Asset Type

Retail

Closing

Jun 22, 2023

About this deal

AI

The retail property located at 156 Broadway in New York City has been sold for $1,750,000. The property spans 3,372 square feet, resulting in a price per square footage of $519. The transaction took place on June 22, 2023. The buyer of the property is G4 Capital Partners, while the seller is Mike Distenfeld. The deal was facilitated by Matthew Marshall of Marshall Real Estate.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,750,000
  • Address: 156 Broadway, New York City
  • Market: New York City
  • Square Footage: 3,372
  • Price per Square Foot: $519
  • Buyer: G4 Capital Partners
  • Seller: Mike Distenfeld
  • Broker: Matthew Marshall - Marshall Real Estate

The sale of this retail property on Broadway highlights the successful collaboration between G4 Capital Partners as the buyer, Mike Distenfeld as the seller, and Matthew Marshall of Marshall Real Estate as the broker. This transaction showcases the strength and growth potential of the New York City market.

Players

Matthew Marshall

Marshall Real Estate

Broker

$138.8M

vol

27 deals

Broker
Capital Partners
Capital PartnersBuyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $519 per square foot on a published $1.8M for 3,372 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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