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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $17,100,000
- Address: 2686-2690 Broadway
- Market: Upper West Side
- Square Footage: 8,158
- Price per Square Foot: $2,096
- Seller: Toll Brothers
- Buyer's Representative: Andrew Berry & Charlie Gravina - Cushman & Wakefield
- Seller's Representatives: James Nelson, Brent Glodowski & Eric Karmitz - Avison Young
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.
On the Map
$17,100,000
$2,096/SF
Retail
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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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93