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229 West 43rd Street

Barry Brant Purchases Retail Condo At 229 West 43rd Street From Wilmington Trust For $30M
SOLDRetail

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

Doug Middleton

CBRE

Broker

$7.1B

vol

39 deals

Broker
CBRE
CBREBrokerage

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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93