Aulder Capital Acquires MultiFamily Property On Broadway, NY For $15.5M

The 27-unit multifamily building located at 2647-2649 Broadway in New York City has been sold for $15.5 million. Situated on Manhattan's Upper West Side, the seven-story building features two retail spaces totaling 4,250 square feet. The seller, an undisclosed private investor who had owned the property for 35 years, was represented by Hall Oster, Teddy Galligan, and Braedon Gait of JLL. The buyer of the property was Aulder Capital, an investment management firm based in New York.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $15,500,000.00
• Address: 2647 Broadway, New York, NY, 10025
• Market: New York
• Seller's Rep: Matthew "Teddy" Galligan(JLL)
• Buyer: Aulder Capital

The sale of the multifamily building at 2647-2649 Broadway was brokered by JLL's team consisting of Hall Oster, Teddy Galligan, and Braedon Gait. The seller, a private investor with a 35-year ownership history, trusted JLL to represent them in this transaction. On the buying side, Aulder Capital, a New York-based investment management firm, successfully acquired this property in Manhattan. The deal reflects the cooperation and negotiation among these key individuals and companies in the real estate market.