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Aamir Motiwala Purchases 2,040 SF Retail Condo In Tribeca From Clayton Sussman For $1.9M

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SOLD
$1,900,000

New York

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Retail2,040 SF
Sold 05/21/2026
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Property Image
SOLD

Aamir Motiwala Purchases 2,040 SF Retail Condo In Tribeca From Clayton Sussman For $1.9M

391 Broadway

See Similar Deals
Retail2,040 SF
Sold 05/21/2026
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$931
Total Square Footage:2,040 SF
Transaction Type:Sale

This is the sale of a 3,240 SF retail condominium located on Broadway in Tribeca, between Walker Street and White Street. The offering included 2,040 SF of ground floor retail space, as well as a 1,200 SF fully-finished lower-level. The property was delivered vacant at closing, with a sale price of $1,900,000, resulting in a price per square foot of $931.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,900,000
  • Address: 391 Broadway
  • Market: Tribeca, Manhattan
  • Square Footage: 2,040
  • Price Per Square Foot: $931
  • Buyer: Aamir Motiwala
  • Seller: Clayton Sussman
  • Brokers: Scott Plasky, Chase Friedman & Joseph Koicim - Marcus & Millichap

The transaction involved brokers Scott Plasky, Chase Friedman, and Joseph Koicim, representing both the buyer and seller throughout the deal. They facilitated the sale and are available for further inquiries regarding additional retail condominium opportunities.

Players

172 deals$2.7B volume(212) 430-5147
BROKER


Chase Friedman
Marcus & Millichap
2 deals$3M volume(646) 805-1448
BROKER

Details

SOLD
IMAGE: Scott Plasky, Joseph Koicim & Chase Friedman DATE: 5/21/2026 ADDRESS: 391 Broadway MARKET: Tribeca, Manhattan ASSET TYPE: Retail BUYER: Aamir Motiwala SELLER: Clayton Sussman BROKERS: Scott Plasky (@PlaskyRetailGroup), Chase Friedman & Joseph Koicim (@Joey1Cap) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $1,900,000 SF: 2,040 ~ PPSF: $931 NOTE FROM BROKER: This is the sale of 3,240 SF retail condominium located on Broadway in Tribeca, between Walker Street and White Street. The offering consisted of 2,040 SF of ground floor retail space, plus a 1,200 SF fully-finished lower-level. The property was delivered vacant at closing. Reach out to broker for additional info, as well as for additional retail condo product.

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

$101,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63