JLL Facilitates $40M Sale Of Retail Property On Broadway In New York City
SOLD
$40,000,000
+ 6
New York
See Similar DealsRetail18,920 SF
Sold 03/15/2023
SOLD
JLL Facilitates $40M Sale Of Retail Property On Broadway In New York City
2139-2159 Broadway
See Similar DealsRetail18,920 SF
Sold 03/15/2023
+ 6
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,114
Total Square Footage:18,920 SF
Transaction Type:Sale
2139-2159 Broadway, located in New York City, has been sold in a retail transaction. The property spans 18,920 square feet and was sold for a total of $40,000,000, resulting in a price per square foot of $2,114.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $40,000,000
- Address: 2139-2159 Broadway, New York City
- Market: New York City
- Square Footage: 18,920
The sale of 2139-2159 Broadway was facilitated by JLL, with brokers Hall Oster, Conrad Martin, Braedon Gait, Teddy Galligan, Paul Smadbeck, Geoff Tranchina, Brett Rosenberg, Jesse Wolff, and Jeffrey Julien representing the deal. The transaction involved multiple individuals and companies, highlighting the collaborative effort that led to the successful sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88
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