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936 Broadway

Stein Adler Dabah & Zelkowitz LLP Acquires Office Condominium In Manhattan For $12.85M
SOLDOffice

Stein Adler Dabah & Zelkowitz LLP Acquires Office Condominium In Manhattan For $12.85M

936 Broadway

$12,850,000

$860/SF

Building Size

14,939 SF

Asset Type

Office

Closing

Sep 29, 2022

AI

936 Broadway, a Manhattan office condominium, was recently sold in a closed transaction. The property, spanning 14,939 square feet, was sold for a price of $12,850,000, resulting in a price per square foot of $860.

Summary of transaction details

  • Property Type: Office Condominium
  • Transaction Amount: $12,850,000
  • Square Footage: 14,939 sqft
  • Price per Square Foot: $860
  • Address: 936 Broadway, Manhattan

Stein Adler Dabah & Zelkowitz LLP acted as the buyer, while DeBorah Brill was the seller in this transaction. Avison Young represented the buyer and was represented by James Nelson, Eric Karmitz, and Joe Moran. On the other hand, Sinvin Real Estate represented the seller and was represented by Michael Glanzberg and James Costello.

Players

Eric Karmitz

Avison Young

Broker

$767.7M

vol

36 deals

Broker

Zelkowitz

Buyer

$12.9M

vol

1 deal

Buyer

New York Office Market Snapshot

Boundary boundary · Office · 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