Updated Oct 29, 2024
Jamestown Acquires 343 Broadway New York For $240 Million With Seller's Rep Helen Hwang
343 Broadway, New York, NY, 10013
$240,000,000
$786/SF
Building Size
305,155 SF
Asset Type
MultiFamily
Closing
Sep 19, 2016
About this deal
AI
The property asset involved in the transaction is located at 343 Broadway, New York, NY, 10013. It has a total square footage of 305,155 and was sold for a price of $240,000,000.00 in the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $240,000,000.00
- Address: 343 Broadway, New York, NY, 10013
- Market: New York
- Seller's Representative: Helen Hwang - Meridian Capital Group
- Buyer: Jamestown
- Square Footage: 305,155
The key individuals involved in this transaction include the seller's representative, Helen Hwang, who is affiliated with Meridian Capital Group, and the buyer, Jamestown. They played significant roles in facilitating 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93