Aleksandr Finkelshteyn Purchases Retail Asset On Upper West Side From Sharon Gustafson For $8.5M
2160 Broadway
$8,500,000
$963/SF
Building Size
8,820 SF
Asset Type
Retail
Closing
Dec 9, 2024
AI
The retail property located at 2160 Broadway in the Upper West Side of Manhattan has been sold for $8,500,000. The building features a total square footage of 8,820, translating to a price per square foot of $963. The building's calculated rentable space amounts to 22,100 square feet, with a price per rentable square foot of $385.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $8,500,000
- Address: 2160 Broadway
- Market: Upper West Side, Manhattan
- Building Square Footage: 8,820
- Price Per Square Foot: $963
- Rentable Square Footage: 22,100
- Price Per Rentable Square Foot: $385
- Buyer: Aleksandr Finkelshteyn
- Seller: Sharon Gustafson
- Brokers: Hall Oster, Paul Smadbeck, Teddy Galligan & Vickram Jambu - JLL
The transaction involved Aleksandr Finkelshteyn as the buyer and Sharon Gustafson as the seller. The brokerage team representing the deal included Hall Oster, Paul Smadbeck, Teddy Galligan, and Vickram Jambu from JLL, facilitating the transfer of ownership.
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93