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43 East 30th Street

Luca Bhalla And David Soroudi Acquire Retail Property At 43 East 30th Street For $3,050,000
SOLDRetail

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

Matthew Marshall

Marshall Real Estate

Broker

$147.4M

vol

27 deals

Broker

David Soroudi

PJ Capital Partners

Buyer

$12.8M

vol

3 deals

Buyer
PP
PJ Capital PartnersBuyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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