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Joshua Gotlib Acquires 2660 Broadway In Manhattan Valley For $36M

Property Image
SOLD
$36,000,000

New York

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MultiFamily95,400 SF
Sold 11/03/2021
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Property Image
SOLD

Joshua Gotlib Acquires 2660 Broadway In Manhattan Valley For $36M

2660 Broadway, New York City, New York 10025, United States

See Similar Deals
MultiFamily95,400 SF
Sold 11/03/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$377
Total Square Footage:95,400 SF
Transaction Type:Sale

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.

Players

JG
6 deals$1.8B volume(212) 725-9202
BROKER

Details

SOLD
IMAGE: 11/03/2021 ADDRESS: 2660 Broadway MARKET: Manhattan Valley, Manhattan ASSET TYPE: Multi Family ~ ZONING: R9A, C1-5 BUYER: Joshua Gotlib SELLER: Sofia Einy PRICE: $36,000,000 BSF: 95,376 ~ PPBSF: $377 SF: 95,400 ~ PPSF: $377 FAR: 7.52 TAX CLASS: 2 LOT SIZE: 12,683 LAST SALE PRICE: $0.00 (8/25/2021) LOT DIMENSION: 126.83 ft x 100 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,920,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40