Updated Dec 18, 2023
Adam America RE Acquires $50M Upper West Side Development Site From Seller Susan Carmel Lehrman With $37M Loan From MSD Capital
2503 Broadway #2509, New York, NY 10025, USA
$50,000,000
$6,812/SF
Building Size
7,340 SF
Asset Type
Development Site
Closing
Sep 4, 2018
About this deal
AI
Dvir Cohen, Michael Dell, and Omri Sachs were involved in a closed property transaction in the Upper West Side. The property, located at 2503-2509 Broadway, is a development site.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $50,000,000
- Loan Amount: $37,000,000
- Lender: Michael Dell’s MSD Capital (@msdcapital)
- Seller: Susan Carmel Lehrman
- Buyer: Adam America RE (@adamamericare)
Adam America RE, represented by Dvir Cohen and Omri Sachs, acquired the development site at 2503-2509 Broadway for the price of $50,000,000. The loan amount for the transaction was $37,000,000 provided by Michael Dell's MSD Capital. Susan Carmel Lehrman acted as the seller in this deal.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93