Harold Dweck & Morris Dweck Acquire Inwood Retail Property For $7.9M
4948-4950 Broadway, New York City, New York 10034, United States
$7,900,000
$1,128,571/SF
Building Size
7 SF
Asset Type
Retail
Closing
Dec 15, 2022
About this deal
AI
The retail property located at 4948-4950 Broadway in Inwood, Manhattan has been sold. The transaction took place on December 15, 2022. The property is comprised of a total building size of 46,100 square feet, with a price per square foot of $171. The total square footage of the space is 7,725, with a price per square foot of $1,023. The sale price for the property was $7,900,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,900,000
- Address: 4948-4950 Broadway, Inwood, Manhattan
- Market: Inwood, Manhattan
- Buyer: Harold Dweck & Morris Dweck
- Seller: Apple Bank for Savings - Mitchell W. Jacobs
- Building Size: 46,100 square feet
- Price per Building Square Foot: $171
- Total Square Footage: 7,725 square feet
- Price per Square Foot: $1,023
Harold Dweck and Morris Dweck acted as the buyers in this transaction. The seller of the property was Apple Bank for Savings, with Mitchell W. Jacobs representing the bank in the deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93