Elad Group Acquires Retail Space At 2581 Broadway From Walter & Samuels For $5.875M
2581 Broadway
$5,875,000
$1,175/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jan 28, 2025
AI
The property asset involved in the transaction is located at 2581 Broadway in the Upper West Side market. This retail asset has a sale price of $5,875,000, spans 5,000 square feet, and has a price per square foot of $1,175.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,875,000
- Address: 2581 Broadway
- Market: Upper West Side
- Square Footage: 5,000
- Price Per Square Foot: $1,175
- Buyer: Elad Group
- Seller: Walter & Samuels
- Brokers: Marc Sitt & Albert Sultan - KSR
The key individuals in this transaction include the buyer, Elad Group, and the seller, Walter & Samuels. The brokers representing the transaction are Marc Sitt and Albert Sultan from KSR, facilitating the deal between both parties.
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
2.70%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93