facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

2139-2159 Broadway

JLL Facilitates $40M Sale Of Retail Property On Broadway In New York City
SOLDRetail

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

Brett Rosenberg

Broker

$783M

vol

5 deals

Broker

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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