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
About this deal
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.
On the Map
$9,650,000
$464/SF
Retail
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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