Alma Realty Acquires Retail Property In Manhattan For $9.15M
4468 Broadway, New York, NY 10040, USA
$9,150,000
$45/SF
Building Size
200,000 SF
Asset Type
Retail
Closing
Feb 22, 2018
AI
The retail property located at 4468-4474 Broadway in New York City has been sold for $9,150,000. Spanning across 20,000 square feet, the property was purchased by Alma Realty and Steve Valiotis. The transaction took place on February 23, 2018, and was brokered by Besen & Associates, with Hilly Soleiman, Amit Doshi, and Ron Cohen representing the parties involved.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $9,150,000
- Address: 4468-4474 Broadway, New York
- Market: Manhattan
- Square Footage: 20,000 sf
- Price Per Square Foot: $457
- Seller: Paul Gagliardi
- Buyer: Alma Realty & Steve Valiotis
- Broker: Besen & Associates (Hilly Soleiman, Amit Doshi, Ron Cohen)
- Date: February 23, 2018
The deal involved key individuals such as Steve Valiotis, Amit Doshi, Hilly Soleiman, and Ron Cohen, who played a crucial role in representing the buyer and seller. The property transaction underscores the significance of Alma Realty and Steve Valiotis in expanding their real estate portfolio in Manhattan's market.
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
1.73%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93