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Premier Equities Sells 1151 Broadway Retail Building In Manhattan For $29.2M

Property Image
SOLD
$29,200,000
Andrew Berry
Craig Waggner
+ 1

New York

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Retail13,553 SF
Sold 04/23/2026
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Property Image
SOLD

Premier Equities Sells 1151 Broadway Retail Building In Manhattan For $29.2M

1151 Broadway

See Similar Deals
Retail13,553 SF
Sold 04/23/2026
Andrew Berry
Craig Waggner
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,154
Total Square Footage:13,553 SF
Transaction Type:Sale

This retail asset located at 1151 Broadway in Manhattan was sold for a transaction amount of $29,200,000. The property consists of 13,553 square feet, with a price per square foot of $2,154. It is a fully occupied office and retail building, anchored by established tenants Sweetgreen and Pura Vida.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $29,200,000
  • Address: 1151 Broadway
  • Market: Manhattan
  • Seller: Premier Equities
  • Seller's Representatives: Andrew Berry, John Ciraulo, Craig Waggner & Jack Stephen - Cushman & Wakefield
  • Square Footage: 13,553
  • Price Per Square Foot: $2,154
  • Note: 100% occupied office and retail building with retail anchor tenants Sweetgreen and Pura Vida.

The deal involved key representatives from Cushman & Wakefield, with Andrew Berry, John Ciraulo, Craig Waggner, and Jack Stephen acting as the Seller's representatives throughout the transaction, facilitating the sale of the property on behalf of Premier Equities.

Players

John Ciraulo
47 deals$732.2M volume(212) 660-7700
BROKER

Andrew Berry
Cushman & Wakefield
33 deals$410.9M volume
BROKER

Craig Waggner
Cushman & Wakefield
46 deals$696M volume
BROKER

Jack Stephen
Cushman & Wakefield
12 deals$166.5M volume(212) 841-5099
BROKER

Premier Equities
SELLER

Details

SOLD
IMAGE: John Ciraulo, Andrew Berry, Craig Waggner & Jack Stephen DATE: 4/23/2026 ADDRESS: 1151 Broadway MARKET: Manhattan ASSET TYPE: Retail SELLER: Premier Equities SELLER'S REP: Andrew Berry (@atberry3), John Ciraulo (@JohnCiraulo), Craig Waggner (@Craig_Waggner) & Jack Stephen (@JackHaroldStephen) - Cushman & Wakefield (@CushWake) SALE PRICE: $29,200,000 SF: 13,553 ~ PPSF: $2,154 NOTE FROM SELLER'S REP: 100% occupied office and retail building. Retail anchored by Sweetgreen and Pura Vida.

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Net Operating Income (NOI)

$1,557,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$103,741.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$138,422.90
Annual Debt Service$1,661,074.77