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2686-2690 Broadway

Toll Brothers Sells Retail Asset At 2686-2690 Broadway For $17.1 Million With Avison Young Rep
SOLDRetail

Toll Brothers Sells Retail Asset At 2686-2690 Broadway For $17.1 Million With Avison Young Rep

2686-2690 Broadway

$17,100,000

$2,096/SF

Building Size

8,158 SF

Asset Type

Retail

Closing

Nov 13, 2024

AI

The retail asset located at 2686-2690 Broadway in the Upper West Side was involved in a sale transaction. The total sale price for the property was $17,100,000, and it encompasses a square footage of 8,158 with a price per square foot of $2,096.

Summary of transaction details:

The deal was facilitated by Andrew Berry and Charlie Gravina, who represented the buyer, while James Nelson, Brent Glodowski, and Eric Karmitz acted as representatives for the seller. This involvement underscores the collaborative roles of the agencies in the transaction process.

Players

Charlie Gravina

Cushman & Wakefield

Broker

$280.6M

vol

21 deals

Broker

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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93