Stellar Management Acquires Multifamily Property On Broadway, New York For $26.5M

The multifamily property located at 3430 Broadway in New York's Uptown market has been sold in a closed transaction. The property spans an area of 72,774 square feet and consists of 58 units. The transaction price for this asset was $26,500,000, resulting in a price per square foot of $365 and a price per unit of $456,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $26,500,000
• Square Footage: 72,774
• Price per Square Foot: $365
• Number of Units: 58
• Price per Unit: $456,000

The seller of the property was Steven Schneider. On the other hand, the buyer involved in this transaction was Stellar Management, represented by Larry Gluck.