Barry Brant Purchases Retail Condo At 229 West 43rd Street From Wilmington Trust For $30M
229 West 43rd Street
$30,000,000
$120/SF
Building Size
250,000 SF
Asset Type
Retail
Closing
Aug 11, 2025
AI
229 West 43rd Street, located in the Times Square market, is a retail asset featuring a total square footage of 250,000. The property was sold for $30,000,000, translating to a price per square foot of $120. The asset is a retail condo situated at the base of the NY Times Building, with 160,000 square feet currently vacant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $30,000,000
- Square Footage: 250,000
- Price Per Square Foot: $120
- Address: 229 West 43rd Street
- Market: Times Square
- Buyer: Barry Brant
- Seller: Wilmington Trust
- Seller's Representative: Doug Middleton & Jack Stillwagon - CBRE
Barry Brant is the buyer of the property, with Wilmington Trust acting as the seller. The transaction is represented by Doug Middleton and Jack Stillwagon from CBRE, who facilitated the sale of the retail condo at the noted location.
Players
New York 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93