Jemal Family And Cohen Family Acquire Retail Property In Manhattan For $8.7M
SOLD
$8,700,000
New York
See Similar DealsRetail14,966 SF
Sold 08/24/2022
SOLD
Jemal Family And Cohen Family Acquire Retail Property In Manhattan For $8.7M
3801 Broadway
See Similar DealsRetail14,966 SF
Sold 08/24/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$581
Total Square Footage:14,966 SF
Transaction Type:Sale
The retail property located at 3801 Broadway in Manhattan has been sold in a recent transaction. The property spans a total area of 14,966 square feet. The sale price for this retail asset was $8,700,000, resulting in a price per square foot of $581.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,700,000
- Address: 3801 Broadway, Manhattan
- Market: Manhattan
- Buyer: Jemal Family & Cohen Family
- Seller: Dynamic Broadway Corp. - Martin Osinski & Partners
- Brokers: Ron Solarz, Alan Jemal & Brian Segall - Newmark
The buyer in this transaction was represented by Ron Solarz, Alan Jemal, and Brian Segall from Newmark. On the other hand, the seller was Dynamic Broadway Corp., led by Martin Osinski & Partners.
Players
SELLER
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$463,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,242.44
Annual Debt Service$494,909.26
Is there something missing? Send suggestions