1965 Broadway PC II LLC Purchases 44 Condos From Phillips Club II Holdings For $29 Million

The property involved in the transaction is a condo located at 1965 Broadway in the Lincoln Square market. The asset comprises 44 units, and the total sale price for the condos and two timeshares at The Grand Millennium was $29 million, resulting in a price per unit of $659,091.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $29,000,000
• Units: 44
• Price Per Unit: $659,091
• Buyer: 1965 Broadway PC II LLC
• Seller: Phillips Club II Holdings
• Market: Lincoln Square

During this transaction, Phillips Club II Holdings sold the condos and timeshares, which included two timeshares, to 1965 Broadway PC II LLC. This deal reflects a significant movement in the Lincoln Square property market, highlighting the engagement of key stakeholders in the real estate sector.