Angelo Gordon Acquires Retail Property On Upper West Side For $27M
2250 Broadway, New York City, New York 10024, United States
$27,000,000
$771/SF
Building Size
35,000 SF
Asset Type
Retail
Closing
Oct 6, 2022
AI
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
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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93