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
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.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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