TriArch Real Estate Group Acquires Mixed-Use Property On Upper West Side For $22.6M
2783 Broadway, Manhattan, New York, NY, USA
$22,600,000
$747/SF
Building Size
30,218 SF
Asset Type
Mixed-use
Closing
Aug 6, 2019
AI
Located in the Upper West Side market, the mixed-use property at 2783-2787 Broadway has been sold for a total price of $22,600,000. The transaction took place on 08/07/2019, and the seller, Noam Associates represented by Ben Hadar, successfully closed the deal with the buyer, TriArch Real Estate Group. The property spans 30,218 square feet, with 67 units, resulting in a price per unit of $337,313. The price per square foot stands at $748.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $22,600,000
- Address: 2783-2787 Broadway
- Market: Upper West Side
The broker involved in this transaction is Peter Vanderpool from Cignature Realty, representing the seller, Noam Associates. TriArch Real Estate Group was represented in the deal by their own representative.
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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93