Updated Nov 11, 2025
Lightstone Group Acquires Multifamily Property In Upper West Side For $60M
2481 Broadway, New York City, New York 10025, United States
$60,000,000
$451/SF
Building Size
132,975 SF
Asset Type
MultiFamily
Closing
Mar 7, 2022
About this deal
AI
A multifamily property located at 2481 Broadway in the Upper West Side of New York City has been sold in a recent transaction. The property was acquired by Lightstone Group from Irene Bogoni and Paul Bogoni. The sale took place on 03/08/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $60,000,000
- Address: 2481 Broadway
- Market: Upper West Side
The multifamily property consists of 86 units with an average price per unit of $697,674. The total square footage of the property is 132,975, resulting in a price per square foot of $451.
David Lichtenstein & Mitchell Hochberg were the representatives involved in the transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93