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351 357 Broadway

Broadway Capital Partners Acquires Retail Asset At 351-357 Broadway For $4.35M With Bo Poulsen & Anna Shagalov And Maurice Suede As Reps
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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

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:

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.

Players

Maurice Suede

Newmark

Broker

$929.6M

vol

57 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

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93