facebook
Traded Co logo
Submit

Alma Realty Acquires Retail Property In Manhattan For $9.15M

Property Image
SOLD
$9,150,000
Hilly Soleiman
Amit Doshi
+ 1

New York

See Similar Deals
Retail200,000 SF
Sold 02/23/2018
the dealplayerscompscontact
Property Image
SOLD

Alma Realty Acquires Retail Property In Manhattan For $9.15M

4468 Broadway, New York, NY 10040, USA

See Similar Deals
Retail200,000 SF
Sold 02/23/2018
Hilly Soleiman
Amit Doshi
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$45
Total Square Footage:200,000 SF
Transaction Type:Sale

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
3 deals$11.1M volume
BROKER

Amit Doshi
Meridian Capital Group
87 deals$1.3B volume
BROKER

Ronald (Ron) Cohen
Besen Partners
25 deals$95.3M volume
BROKER

BUYER

3 deals$46.6M volume
SELLER

Details

SOLD
IMAGE: Steve Valiotis, Amit Doshi, Hilly Soleiman and Ron Cohen ADDRESS: 4468-4474 Broadway CITY: New York MARKET: Manhattan ASSET TYPE: Retail PRICE: $9,150,000 SF: 20,000 sf PPSF: $457 SELLER: Paul Gagliardi BUYER: Alma Realty & Steve Valiotis BROKER: Besen & Associates, Hilly Soleiman (@HillySoleiman) , Amit Doshi, Ron Cohen ( @nyc_buildings_showcase ) D ATE: 02/23/18

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$487,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,508.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,375.67
Annual Debt Service$520,508.02