Aulder Capital Acquires Mixed-Use Property In Upper West Side For $15.5M
2647 Broadway, New York City, New York 10025, United States
$15,500,000
$471/SF
Building Size
32,900 SF
Asset Type
Mixed-use
Closing
Mar 1, 2022
AI
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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93