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2373 Broadway, Manhattan, N...

Select Garages Acquires Condo On Upper West Side From Donald Zucker For $13.5M
SOLD

Select Garages Acquires Condo On Upper West Side From Donald Zucker For $13.5M

2373 Broadway, Manhattan, New York, NY, USA

$13,500,000

$387/SF

Building Size

34,800 SF

Asset Type

Closing

Oct 14, 2021

AI

A condo located at 2373 Broadway, in the Upper West Side market, has been sold for $13,500,000. The property spans across 34,800 square feet, resulting in a price per square foot of $387. The zoning for this asset is R10A, C4-6A, EC-3. The lot size measures 30,349 square feet, with dimensions of 201.92 feet by 220.75 feet. The previous owner, Donald Zucker of Manhattan Skyline Management, sold the condo to Select Garages.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $13,500,000
  • Square Footage: 34,800
  • Price Per Square Foot: $387
  • Zoning: R10A, C4-6A, EC-3
  • Lot Size: 30,349 square feet
  • Lot Dimensions: 201.92 ft x 220.75 ft

Donald Zucker, the previous owner of the condo, represented Manhattan Skyline Management in this transaction. Select Garages acted as the buyer in the deal.

Players

SG
Select GaragesBuyer

Donald Zucker

Manhattan Skyline Management

Seller

$49.5M

vol

3 deals

Seller

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93