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900 1st Avenue, New York, N...

Lloyd Goldman's BLDG Management Acquires Retail Condo In Manhattan For $10.875M With Seller's Rep Andrew And Daniel Wrublin And Broker RKF
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Lloyd Goldman's BLDG Management Acquires Retail Condo In Manhattan For $10.875M With Seller's Rep Andrew And Daniel Wrublin And Broker RKF

900 1st Avenue, New York, NY 10022, USA

Building Size

7,039 SF

Asset Type

Retail

Closing

Dec 7, 2017

AI

Andrew and Daniel Wrublin and Lloyd Goldman have completed a closed property transaction in Manhattan. The property involved is a retail condo located at 900 1st Avenue. The transaction took place on December 8, 2017.

Summary of transation details

  • Property Type: Retail Condo
  • Transaction Amount: $10,875,000
  • Size (SF): 7,039 sf
  • Price Per Square Foot (PPSF): $1,545
  • CAP Rate: 4.5%
  • Seller: Dalan Management - Andrew and Daniel Wrublin
  • Buyer: Lloyd Goldman's BLDG Management
  • Broker: RKF

Lloyd Goldman's BLDG Management acquired the retail condo from Dalan Management, with representation by broker RKF. The transaction demonstrates the successful collaboration between the buyers and sellers, solidifying Lloyd Goldman's presence in the Manhattan market.

Players

Lloyd Goldman

BLDG

Buyer

$675.9M

vol

13 deals

Buyer
Daniel (Danny) Wrublin

Daniel Wrublin

Dalan Management

Seller

$90.1M

vol

5 deals

Seller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93