Hello Living Acquires Development Site In Inwood For $55M
4650 Broadway, New York, NY 10040, USA, 4650 Broadway, New York, NY 10040, USA, 4650 Broadway, New York, NY 10040, USA, 4650 Broadway, New York, NY 10040, USA & 4650 Broadway, New York, NY 10040, USA
Building Size
750,000 SF
Asset Type
Other
Closing
Apr 19, 2018
About this deal
AI
4650 Broadway, located in the Inwood neighborhood, was recently sold in a closed transaction for a price of $55,000,000. This development site holds immense potential for future project opportunities in the area.
Summary of transation details
- Property Type: Development site
- Transaction Amount: $55,000,000
- Seller: Abraham Fructhandler – FBE Limited & Adam America Real Estate
- Buyer: @HelloLiving
The seller in this transaction, Abraham Fructhandler, represented FBE Limited and Adam America Real Estate. On the buying side, @HelloLiving took part in the deal, showcasing their interest in expanding their property portfolio.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93