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
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