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:
- Property Type: Retail
- Transaction Amount: $13,000,010
- Square Footage: 14,700
- Price per Square Foot: $884
- Address: 2710 Broadway
- Market: Manhattan
- Brokers: Robert Shapiro, Ian Brooks, Nicholas Kontos, Daniel Kaplan, Justin Arzi & David Garcia - CBRE
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
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