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Mixed Use

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3661 Broadway, New York, NY...

Updated Oct 29, 2024

CushWake Brokers Facilitate $21.8M Mixed Use Sale In Hamilton Heights
SOLDMixed-use

CushWake Brokers Facilitate $21.8M Mixed Use Sale In Hamilton Heights

3661 Broadway, New York, NY 10031, USA

$21,795,000

$30/SF

Building Size

723,600 SF

Asset Type

Mixed-use

Closing

Nov 13, 2018

About this deal

AI

Located at 3661 Broadway in Hamilton Heights, this mixed-use property was recently sold in a closed transaction. The property spans a total of 72,360 square feet and was sold for a price of $21,795,000, resulting in a price per square foot of $301.

Summary of transaction details

  • Property Type: Mixed Use
  • Sale Price: $21,795,000
  • Square Footage: 72,360
  • Market: Hamilton Heights

The seller of the property was Bruce Haley of Woodcrest Management, while the buyer was Darin Goldstein of SDG Management. The deal was facilitated by Robert Shapiro, Ian Brooks, and Eric Roth, who represented the parties involved in the transaction.

Players

Ian Brooks

CBRE

Broker

$451.2M

vol

54 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Darin S Goldstein

SDG - Management

Buyer

$29.5M

vol

2 deals

Buyer

Bruce Haley

Woodcrest Management

Seller

$37M

vol

2 deals

Seller

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $30 per square foot on a published $21.8M for 723,600 square feet (2018).

Visit Robert (Rob) Shapiro to view all their deals.

Browse New York mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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