DiFalco Group Acquires 2 Retail Condos In Upper West Side For $7.6M
2461 Broadway
$7,600,000
$2,546/SF
Building Size
2,984 SF
Asset Type
Condo
Closing
Sep 11, 2023
AI
The DiFalco Group's Local Broadway LLC has acquired two retail condominium units totaling 2,984 square feet on the first floor of The Westly at 2461 Broadway in Upper West Side, Manhattan. The property was purchased for $7.6 million from Adam America Real Estate and Hampshire Properties' 2461 Broadway LLC. Situated in the vibrant Upper West Side market, this condo offers a prime location for commercial activities.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,600,000
- Square Footage: 2,984
- Address: 2461 Broadway, Upper West Side, Manhattan
- Market: Upper West Side, Manhattan
Christopher L. DiFalco, representing the DiFalco Group, served as the buyer in this transaction, while Ron Vaksin, from Adam America Real Estate, and Tomas Rosenthal, from Hampshire Properties, acted as the sellers. This deal not only highlights the DiFalco Group's expansion in the commercial real estate market but also demonstrates the collaboration between Adam America Real Estate and Hampshire Properties.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93