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2710 Broadway

Retail Property At 2710 Broadway In Manhattan Sold For $13,000,010 With CBRE Team
SOLDRetail

Retail Property At 2710 Broadway In Manhattan Sold For $13,000,010 With CBRE Team

2710 Broadway

$13,000,010

$884/SF

Building Size

14,700 SF

Asset Type

Retail

Closing

Jul 8, 2025

AI

The property involved in this transaction is located at 2710 Broadway in Manhattan. It is a retail asset with a sale price of $13,000,010 and has a total square footage of 14,700, resulting in a price per square foot of $884. The building is landmarked and situated at the corner of 104th and Broadway, featuring multi-level commercial space with strong tenancy and substantial additional air rights.

Summary of transaction details:

The CBRE Team acted as the sole broker for the seller in this transaction. The property’s unique characteristics include strong tenancy and the potential for future development under the new City of Yes program, which allows additional receiving sites for air rights of landmark buildings.

Players

Justin Arzi

CBRE

Broker

$1.2B

vol

38 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93