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384 Broome Street

Erik Hirsch & Juan Delgado-Moreira Of Hamilton Lane Acquire Multifamily Assets For $62.9M In Manhattan
SOLDMultiFamily

Erik Hirsch & Juan Delgado-Moreira Of Hamilton Lane Acquire Multifamily Assets For $62.9M In Manhattan

384 Broome Street, 55 Delancey Street, 9 Christopher Street & 233 Elizabeth Street

$62,900,000

Building Size

Asset Type

MultiFamily

Closing

Feb 26, 2025

AI

The transaction involves multifamily assets located at 384 Broome Street, 55 Delancey Street, 9 Christopher Street, and 233 Elizabeth Street in the Manhattan market. The sale price was $62,900,000. This transaction includes a total of five Dalan Real Estate walkup buildings, of which RWN Real Estate Partners sold an 85% stake to the buyer.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $62,900,000
  • Buyer: Erik Hirsch & Juan Delgado-Moreira
  • Buyer’s Company: Hamilton Lane
  • Seller: Ari M. Shalam
  • Seller’s Company: RWN Real Estate Partners
  • Date of Transaction: 02/26/2025

Hamilton Lane, which manages nearly $1 trillion in assets under management, is the entity that acquired the stake from RWN Real Estate Partners, marking a significant investment in Manhattan's multifamily market.

Players

RP
RWN Real Estate PartnersSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93