JLL Facilitates $40M Sale Of Retail Property On Broadway In New York City
2139-2159 Broadway
$40,000,000
$2,114/SF
Building Size
18,920 SF
Asset Type
Retail
Closing
Mar 15, 2023
AI
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.
Players
Market 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93