Joshua Gotlib Acquires 2660 Broadway In Manhattan Valley For $36M
2660 Broadway, New York City, New York 10025, United States
$36,000,000
$377/SF
Building Size
95,400 SF
Asset Type
MultiFamily
Closing
Nov 2, 2021
AI
The multi-family property located at 2660 Broadway in Manhattan Valley, Manhattan has recently been sold. The transaction took place on 11/03/2021. The property is situated on a lot size of 12,683 square feet and has dimensions of 126.83 ft x 100 ft. The zoning for the property is R9A, C1-5, allowing for multiple uses. The property has a floor area ratio (FAR) of 7.52, indicating the potential development capacity. The property falls under tax class 2.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $36,000,000
- Buyer: Joshua Gotlib
- Seller: Sofia Einy
- Building Square Footage: 95,376
- Price per Building Square Foot: $377
- Lot Square Footage: 95,400
- Price per Square Foot: $377
- Last Sale Price: $0.00 (8/25/2021)
Joshua Gotlib acted as the buyer in the transaction, while Sofia Einy was the seller. The sale price for the property was $36,000,000. The building offers a total of 95,376 square feet of space, with a price per building square foot of $377. The lot size of 12,683 square feet provides ample potential for development. It is worth noting that the property's last recorded sale was on 8/25/2021 for $0.00. The deal was closed under the representation of their respective brokers.
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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93