Luca Bhalla And David Soroudi Acquire Retail Property At 43 East 30th Street For $3,050,000
43 East 30th Street
$3,050,000
$696/SF
Building Size
4,382 SF
Asset Type
Retail
Closing
Apr 30, 2026
AI
The retail asset is located at 43 East 30th Street in the Manhattan market. The transaction involved a sale price of $3,050,000 for a total square footage of 4,382, translating to a price per square foot of $696.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,050,000
- Buyer: Luca Bhalla & David Soroudi - PJ Capital Partners
- Seller: Langsam Property Services Corp.
- Broker: Matthew Marshall - Marshall Real Estate
The deal was facilitated by Matthew Marshall representing the broker during the transaction, ensuring all parties were well-assured throughout the process.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93