Michael Del Shah Purchases Retail Asset At 741 Columbus Avenue From Pembroke Companies For $12.875M
741 Columbus Avenue
$12,875,000
$1,006/SF
Building Size
12,791 SF
Asset Type
Retail
Closing
Jun 11, 2026
AI
The property involved in this transaction is a retail asset located at 741 Columbus Avenue in the Upper West Side. The sale price of the property was $12,875,000, with a total square footage of 12,791 and a price per square foot of $1,006.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,875,000
- Address: 741 Columbus Avenue
- Market: Upper West Side
- Square Footage: 12,791
- Price Per Square Foot: $1,006
- Buyer: Michael Del Shah
- Seller: Pembroke Companies
- Seller's Representatives: Steven E. Baker, Daniyel Cohen - RTL Real Estate & Michael Goldban - Magellan Realty Group
The buyer of the property is Michael Del Shah, while Pembroke Companies served as the seller. The seller was represented in the transaction by Steven E. Baker and Daniyel Cohen from RTL Real Estate, alongside Michael Goldban from Magellan Realty Group, each providing their expertise to facilitate the deal.
Players
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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93