facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Sale

/

741 Columbus Avenue

Michael Del Shah Purchases Retail Asset At 741 Columbus Avenue From Pembroke Companies For $12.875M
SOLDRetail

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

Daniyel Cohen

RTL Real Estate

Broker

9 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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