Angelo Gordon Acquires Retail Property On Upper West Side For $27M
SOLD
$27,000,000
New York
See Similar DealsRetail35,000 SF
Sold 10/07/2022
SOLD
Angelo Gordon Acquires Retail Property On Upper West Side For $27M
2250 Broadway, New York City, New York 10024, United States
See Similar DealsRetail35,000 SF
Sold 10/07/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$771
Total Square Footage:35,000 SF
Transaction Type:Sale
Located in the Upper West Side, the retail property at 2250 Broadway has recently been sold. The transaction took place on 10/07/2022, with a sale price of $27,000,000. This retail asset spans 35,000 square feet, resulting in a price per square foot of $771.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $27,000,000
- Square Feet: 35,000
- Price per Square Foot: $771
Angelo Gordon was the buyer in this transaction. The deal was facilitated by Josh Baumgarten & Adam Schwartz.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30
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