Adam America RE And Hampshire Properties Acquire Air Rights On Upper West Side For $22.1M
SOLD
$22,100,000
New York
See Similar DealsOther68,000 SF
Sold 12/31/2019
SOLD
Adam America RE And Hampshire Properties Acquire Air Rights On Upper West Side For $22.1M
2465 Broadway, Manhattan, New York, NY, USA
See Similar DealsOther68,000 SF
Sold 12/31/2019
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$325
Total Square Footage:68,000 SF
Transaction Type:Sale
Air rights at 2465 Broadway in the Upper West Side have been sold for a total of $22,100,000. The property encompasses 68,000 square feet, with additional cantilever rights. This equates to a price per square foot of approximately $325.
Summary of transaction details:
- Property Type: Air Rights
- Transaction Amount: $22,100,000
- Address: 2465 Broadway
- Market: Upper West Side
The buyers of the air rights are Adam America Real Estate and Hampshire Properties. The seller in the transaction is Heller Org. It is worth noting that the developer now has 123,000 square feet of buildable square footage on nearby properties, specifically 2461 and 2463 Broadway.
Players
BROKERAGE
SELLER
Details
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
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Debt Service Coverage Ratio (DSCR)
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