Oren Neria's MY BK Investments Acquires Retail Property In Lincoln Square, Manhattan For $9.65M
SOLD
$9,650,000
New York
See Similar DealsRetail20,790 SF
Sold 12/28/2023
SOLD
Oren Neria's MY BK Investments Acquires Retail Property In Lincoln Square, Manhattan For $9.65M
2067 Broadway
See Similar DealsRetail20,790 SF
Sold 12/28/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$464
Total Square Footage:20,790 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$514,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,284.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,745.92
Annual Debt Service$548,951.08
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