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.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93