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3430 Broadway, New York, NY...

Updated Oct 29, 2024

Stellar Management Acquires Mixed-Use Property In Hamilton Heights, NY For $26.2M
SOLDMixed-use

Stellar Management Acquires Mixed-Use Property In Hamilton Heights, NY For $26.2M

3430 Broadway, New York, NY 10031, USA & 3430 Broadway, New York, NY 10031, USA

Building Size

730,000 SF

Asset Type

Mixed-use

Closing

Jun 11, 2018

About this deal

AI

3430 Broadway X, located at West 140th Street in Hamilton Heights, NY, has been sold in a closed transaction for a price of $26,200,000. This mixed-use property spans across an impressive 73,000 square feet, offering a diverse range of residential and retail spaces. With a price per square foot of $359, this property presents a lucrative investment opportunity. The deal involves 55 units in total.

Summary of Transaction Details

  • Property Type: Mixed-Use Residential and Retail
  • Transaction Amount: $26,200,000
  • Address: 3430 Broadway X, West 140th Street, Hamilton Heights, NY
  • Market: Hamilton Heights, NY
  • Date: 06/26/2018
  • Square Footage: 73,000
  • Price per Square Foot: $359
  • Number of Units: 55

Woodcrest Management, the seller of the property, has successfully completed the transaction with the buyer, Stellar Management. Acting as brokers in the deal were Robert Shapiro and Eric Roth of Cushman & Wakefield.

Players

Robert Shapiro

CBRE

Broker

$902.4M

vol

82 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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