Oren Neria's MY BK Investments Acquires Retail Property In Lincoln Square, Manhattan For $9.65M
2067 Broadway
$9,650,000
$464/SF
Building Size
20,790 SF
Asset Type
Retail
Closing
Dec 28, 2023
AI
The retail property located at 2067 Broadway in Lincoln Square, Manhattan has been sold in a recent transaction. The property, spanning 20,790 square feet, was purchased for a total of $9,650,000, resulting in a price per square foot of $464.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $9,650,000
- Square Footage: 20,790
- Price per Square Foot: $464
- Address: 2067 Broadway, Lincoln Square, Manhattan
Oren Neria, representing MY BK Investments, acted as the buyer in this transaction. The seller of the property was Ashkenazy Acquisitions Corp.
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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93