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
About this deal
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.
On the Map
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse New York retail sales on Traded.
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