The Real Deal New York

Hamilton Heights rental trades for $27M — twice its 2012 price

Buyer is landlord Gili Haberberg

March 19, 2015 05:35PM
By Tess Hofmann

3671-3673 Broadway in Hamilton Heights

3671-3673 Broadway in Hamilton Heights

Boutique real estate company G-Way Management, headed by Ami Ariel, sold a six-story Hamilton Heights rental building that sits between 151st and 152nd streets for $27 million. The buyer is listed as Gili Haberberg of Broadway 152 LLC and Broadway BGN LLC.

The building, at 3671-3673 Broadway, contains 46 apartments across 64,000 square feet, in addition to 6,000 square feet of retail space. G-Way picked up the property for just $13.3 million in 2012. A representative from the company declined to comment on the transaction.

The apartments are mostly three-to-five-bedroom units that have recently rented for between $3,600 and $4,700, according to StreetEasy.

A Marcus & Millichap team led by Peter Von Der Ahe and Seth Glasser represented both sides in the deal.

The Harlem Promenade, a High Line-inspired elevated park, has been proposed for the Hamilton Heights area. In September, Acuity Capital Partners picked up a 75-unit building in the neighborhood for $32.5 million.

 

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