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.
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