Broadway Capital Partners Acquires Retail Asset At 351-357 Broadway For $4.35M With Bo Poulsen & Anna Shagalov And Maurice Suede As Reps
351 357 Broadway
$4,350,000
$543/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Jan 9, 2025
About this deal
AI
The property asset involved in this transaction is located at 351-357 Broadway in the Tribeca market. This retail asset has a sale price of $4,350,000 and encompasses a total square footage of 12,000, translating to a price per square foot of $363.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,350,000
- Square Footage: 12,000
- Address: 351-357 Broadway
- Market: Tribeca
- Buyer's Representative: Bo Poulsen & Anna Shagalov - Brown Harris Stevens
- Seller's Representative: Maurice Suede - Newmark
The deal was executed with Broadway Capital Partners as the buyer, represented by Bo Poulsen and Anna Shagalov from Brown Harris Stevens, while Maurice Suede from Newmark represented the seller.
On the Map
$4,350,000
$543/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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93