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4468 Broadway, New York, NY...

Alma Realty Acquires Retail Property In Manhattan For $9.15M
SOLDRetail

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

Hilly Soleiman

Besen Partners

Broker

$11.1M

vol

3 deals

Broker
AR
Alma RealtyBuyer

Paul Gagliardi

Seller

$176.6M

vol

4 deals

Seller

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

1.73%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93