The Real Deal New York

SDG Management nabs Hamilton Heights resi property

Bruce Haley sold 3661 Broadway for $21.8 million
By Christian Bautista | November 19, 2018 06:30PM

3661 Broadway (Credit: Google Maps)

Multifamily investor Bruce Haley sold a Hamilton Heights apartment building for $21.8 million.
The property, at 3661 Broadway, is a six-story mixed-use building with 56 apartments and six commercial units, according to city data. It’s unclear how much Haley paid for the property. However, his company, Lesson Realty Corp., has owned the property since 1982, records show.
The buyer is SDG Management. The firm, headed by Darin Goldstein, is funding the acquisition with a $17.5 million loan from Arbor Realty Trust. The firm’s New York City holdings include properties in the West Village and Upper Manhattan. Last year, it acquired 80 Grove Street, a 14-story apartment building near Washington Square Park. It also owns an Inwood portfolio that includes 189, 201, 213 Sherman Avenue and 512, 530 West 207th Street.
Haley, who has landed on the public advocate’s “worst landlords” list multiple times, accounted for 826 average open violations in 2017. The violations were spread out between eight buildings with a total of 170 units.
Haley also owns Manhattan properties 734 Amsterdam Avenue and 472 Columbus Avenue in the Upper West Side. He could not be reached for comment.