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3750 Broadway, New York, NY...

Updated Oct 29, 2024

Alan Marcus Acquires MultiFamily Asset On Broadway, New York For $16M
SOLDMultiFamily

Alan Marcus Acquires MultiFamily Asset On Broadway, New York For $16M

3750 Broadway, New York, NY, 10032

$16,000,000

$340/SF

Building Size

47,000 SF

Asset Type

MultiFamily

Closing

Aug 26, 2015

About this deal

AI

Located at 3750 Broadway, New York, NY, 10032, the property involved in this transaction is a MultiFamily asset spanning 47,000 square feet. The sale took place on August 26, 2015, with a final price of $16,000,000.00 in the bustling market of New York. The buyer, Alan Marcus, acquired the property from the seller, Monarch Realty Holdings.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $16,000,000.00
  • Buyer: Alan Marcus
  • Seller: Monarch Realty Holdings
  • Buyer's Representative: Roni Abudi (GFI Realty Services)
  • Seller's Representative: Ohad Babo (GFI Realty Services)

Roni Abudi from GFI Realty Services represented the buyer, Alan Marcus, in this significant transaction. On the other side, Ohad Babo, also from GFI Realty Services, acted as the seller's representative, Monarch Realty Holdings. This deal underscores the active role played by these professionals in facilitating successful property transactions within the New York market.

Players

Ohad Babo

Kassin Sabbagh Realty

Broker

$203.6M

vol

24 deals

Broker

Alan J. Marcus

Buyer

$56M

vol

2 deals

Buyer
MH
Monarch Realty HoldingsSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $340 per square foot on a published $16M for 47,000 square feet (2015).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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