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4948-4950 Broadway, New Yor...

Updated Dec 3, 2024

Harold Dweck & Morris Dweck Acquire Inwood Retail Property For $7.9M
SOLDRetail

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

Apple Bank
Apple BankSeller
Apple Bank
Apple BankLender

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $1.1M per square foot on a published $7.9M for 7 square feet (2022).

Browse New York retail sales on Traded.

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

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