Igal Namdar, Jonathan Abda & Jonathan Nazarian Of Namdar Realty Group Acquire Retail Asset In Upper West Side For $9.75M

The retail property located at 2300 Broadway in the Upper West Side was sold for $9,750,000. The asset spans approximately 14,686 square feet, which translates to a price per square foot of $663.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,750,000
• Address: 2300 Broadway
• Market: Upper West Side
• Buyer: Igal Namdar, Jonathan Abda & Jonathan Nazarian - Namdar Realty Group, Elliot Nassim - Mason Asset Management
• Seller: Nuveen
• Broker Representatives: Brett Siegel & Maurice Suede - Newmark
• Square Footage: 14,686
• Price per Square Foot: $663

The buyers in this transaction include prominent entities in real estate management, namely Namdar Realty Group and Mason Asset Management. The sellers, Nuveen, are well-known in the investment management sector, marking this transaction as a notable exchange in the retail market.