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

Property Image
SOLD
$1,750,000

New York

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Retail3,372 SF
Sold
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Property Image
SOLD

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

156 Broadway Brooklyn, NY 11211, USA

See Similar Deals
Retail3,372 SF
Sold
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$519
Total Square Footage:3372 SF
Transaction Type:Sale

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
Matthew Marshall
24 deals$138.9M volume
BROKER
Capital Partners
Capital Partners
BUYER

Details

SOLD
IMAGE: Matthew Marshall DATE: 06/22/2023 ADDRESS: 156 Broadway MARKET: New York City ASSET TYPE: Retail BUYER: G4 Capital Partners SELLER: Mike Distenfeld BROKER: Matthew Marshall - Marshall Real Estate (@MreNYC) SALE PRICE: $1,750,000 SF: 3,372 ~ PPSF: $519

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$93,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71