Larry Gluck’s Stellar buying another Hamilton Heights building

The company is in contract to pay $27M for 3430 Broadway

TRD New York /
Jun.June 12, 2018 12:53 PM

Larry Gluck and 3430 Broadway (Credit: Stellar Management)

Larry Gluck’s Stellar Management is purchasing another rental building in Hamilton Heights for $26.5 million, sources told The Real Deal.

Stellar is in contract to acquire the building at 3430 Broadway, near West 140th Street. The property contains 57 apartments, along with 5,500 square feet of retail, according to property records. The six-story building spans 73,000 square feet overall, putting the purchase price at about $364 per square foot and about $465,000 per door.

The owner is listed in records as Woodcrest Management Corporation, run by Steven Schneider. The company could not be reached for comment, and Stellar declined to comment on the deal.

Stellar, one of the largest residential landlords in New York, purchased another building in Hamilton Heights about three blocks north at 3501-3509 Broadway for $26 million in February.

The company also bought the leasehold for the Flatiron District office building at 218-220 Fifth Avenue with Imperium Capital last year.


Related Articles

arrow_forward_ios
Census tract 135 and Stellar Management's Larry Gluck (Credit: Getty Images and Stellar Management)

How a small stretch of land on the Far West Side became an Opportunity Zone

How a small stretch of land on the Far West Side became an Opportunity Zone
(Photos by Sylvia Varnham O'Regan, Getty)

After looting, BIDs reverse guidance on boarding up stores

After looting, BIDs reverse guidance on boarding up stores
“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think
Clockwise from bottom left: Robert Reffkin of Compass, John Gomes, Scott Rechler of RXR Realty, Rich Barton of Zillow, Gary Keller of Keller Williams and Don Peebles of The Peebles Corporation (Getty)

“America is in crisis:” Real estate leaders address George Floyd protests

“America is in crisis:” Real estate leaders address George Floyd protests
A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

Mass timber project in Cleveland could be nation’s tallest

Mass timber project in Cleveland could be nation’s tallest
Joy Construction’s Eli Weiss (left), Maddd Equities’ Jorge Madruga (top), and Drew Katz with 20 Bruckner Boulevard in the Bronx (Getty; Google Maps)

“Dream” comes true for long-vacant Bronx ice house

“Dream” comes true for long-vacant Bronx ice house
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Photo illustration of Sen. Brian Kavanagh (Credit: Kavanagh by Albin Lohr-Jones/Pacific Press/LightRocket, Getty Images, iStock)

Lawmakers skip #CancelRent in favor of more modest bills

Lawmakers skip #CancelRent in favor of more modest bills
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...