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Aulder Capital Acquires Mixed-Use Property In Upper West Side For $15.5M

Property Image
SOLD
$15,500,000
Paul Smadbeck
Teddy Galligan
+ 2

New York

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Mixed-use32,900 SF
Sold 03/02/2022
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Property Image
SOLD

Aulder Capital Acquires Mixed-Use Property In Upper West Side For $15.5M

2647 Broadway, New York City, New York 10025, United States

See Similar Deals
Mixed-use32,900 SF
Sold 03/02/2022
Paul Smadbeck
Teddy Galligan
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$471
Total Square Footage:32,900 SF
Transaction Type:Sale

Located at 2647 Broadway in the Upper West Side, this mixed-use property recently changed hands in a sale transaction. The property spans 32,900 square feet and was sold for a price of $15,500,000, resulting in a price per square foot of $471. The transaction took place on 03/02/2022.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $15,500,000
  • Address: 2647 Broadway
  • Market: Upper West Side

Aulder Capital acquired the property from Stuart Eisenberger. The deal was facilitated by the JLL team consisting of Hall Oster, Teddy Galligan, Paul Smadbeck, Conrad Martin, and Braedon Gait. These brokers represented both the buyer and the seller in the transaction.

Players

Hall Oster
88 deals$2.1B volume
BROKER

Paul Smadbeck
JLL
36 deals$435.4M volume
BROKER

Teddy Galligan
JLL
58 deals$854.9M volume
BROKER

Braedon Gait
JLL
37 deals$648.4M volume
BROKER

Conrad Martin
JLL
39 deals$414M volume
BROKER

Aulder Capital
BUYER

Details

SOLD
IMAGE: Hall Oster, Teddy Galligan, Paul Smadbeck, Conrad Martin & Braedon Gait DATE: 03/02/2022 ADDRESS: 2647 Broadway MARKET: Upper West Side ASSET TYPE: Mixed-use BUYER: Aulder Capital SELLER: Stuart Eisenberger BROKERS: Hall Oster, Teddy Galligan (@T_Galligan12), Paul Smadbeck, Conrad Martin & Braedon Gait (@BraedonGait) - JLL (@JLL) SALE PRICE: $15,500,000 SF: 32,900 ~ PPSF: $471

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$826,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
Annual Debt Service$881,734.89