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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

Property Image
SOLD
$4,350,000
Bo Poulsen
Maurice Suede
Anna Shagalov

New York

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Retail8,000 SF
Sold 01/09/2025
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Retail8,000 SF
Sold 01/09/2025
Bo Poulsen
Maurice Suede
Anna Shagalov
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$543
Total Square Footage:8,000 SF
Transaction Type:Sale

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
Maurice Suede
57 deals$929.6M volume(212) 589-5131
BROKER
Bo Poulsen
Brown Harris Stevens
Bo Poulsen
4 deals$23.1M volume
BROKER
Anna Shagalov
Brown Harris Stevens
Anna Shagalov
2 deals$21.1M volume
BROKER

Details

SOLD
IMAGE: Maurice Suede, Bo Poulsen & Anna Shagalov DATE: 01/09/2025 ADDRESS: 351-357 Broadway MARKET: Tribeca ASSET TYPE: Retail BUYER: Broadway Capital Partners BUYER'S REP: Bo Poulsen (@BoPoulsenNYC) & Anna Shagalov (@AnnaShagalovNYC) - Brown Harris Stevens (@BrownHarrisStevens) SELLER'S REP: Maurice Suede - Newmark (@Newmark) SALE PRICE: $4,350,000 SF: 12,000 ~ PPSF: $363

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$232,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63