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TriArch Real Estate Group Acquires Mixed-Use Property On Upper West Side For $22.6M

Property Image
SOLD
$22,600,000

New York

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Mixed-use30,218 SF
Sold 08/07/2019
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Property Image
SOLD

TriArch Real Estate Group Acquires Mixed-Use Property On Upper West Side For $22.6M

2783 Broadway, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use30,218 SF
Sold 08/07/2019
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$747
Total Square Footage:30,218 SF
Transaction Type:Sale

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

Peter Vanderpool
13 deals$507M volume
BROKER

BUYER

Details

SOLD
IMAGE: Peter Vanderpool & Chris DeAngelis DATE: 08/07/2019 ADDRESS: 2783-2787 Broadway MARKET: Upper West Side ASSET TYPE: Mixed-Use SELLER: Noam Associates - Ben Hadar BUYER: TriArch Real Estate Group @TriarchManagement BROKER: Peter Vanderpool - Cignature Realty PRICE: $22,600,000 UNITS: 67 ~ PPU: $337,313 SF: 30,218 ~ PPSF: $748

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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