Cory Elbaum Acquires Retail Property In Morningside Heights, Manhattan For $35M

The property involved in this transaction is located at 2871 Broadway in the Morningside Heights neighborhood of Manhattan. It is a retail property with a total building square footage (BSF) of 53,355, offering a price per square foot (PPSF) of $656. The property spans approximately 24,400 square feet (SF), translating to a price per square foot (PPSF) of $1,434. With a floor area ratio (FAR) of 2.75, the property is zoned as R8, C1-4. The lot size is 8,863 square feet, measuring 100.08 feet by 75 feet. The property falls under tax class 4, and the last recorded sale price was $0 on January 22, 2002.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $35,000,000
• Buyer: Cory Elbaum
• Seller: Barbara Seril
• BSF: 53,355
• PPBSF: $656
• SF: 24,400
• PPSF: $1,434
• FAR: 2.75
• Tax Class: 4
• Lot Size: 8,863
• Last Sale Price: $0 (1/22/2002)
• Lot Dimension: 100.08 ft x 75 ft

In this transaction, Cory Elbaum successfully acquired the property located at 2871 Broadway in Morningside Heights. Represented by their broker, Cory Elbaum's purchase of this retail property for $35,000,000 from Barbara Seril marks a significant deal in the Manhattan market.