Aamir Motiwala Purchases 2,040 SF Retail Condo In Tribeca From Clayton Sussman For $1.9M
391 Broadway
$1,900,000
$931/SF
Building Size
2,040 SF
Asset Type
Retail
Closing
May 20, 2026
AI
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
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93