SDG Management nabs Hamilton Heights resi property

Bruce Haley sold 3661 Broadway for $21.8 million

TRD New York /
Nov.November 19, 2018 06:30 PM

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.

Related Articles

arrow_forward_ios
Clockwise from top left: John Gomes, Ronita Kalra, Eric Beniam and McKenzie Ryan (Credit: Getty Images, iStock, Wikipedia)

“We’re putting ourselves in situations where anything is possible”: Real estate agent’s killing rattles industry

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

157 West 57th Street (Credit: iStock)

One57 condo with reduced ask tops a slow week of luxury contracts

Clockwise from top left: 730 Fifth Avenue, Unit #PH21; 730 Fifth Avenue, Unit #18A; The Pierre, Unit #3101; and The Park Imperial, Unit #64

Priciest homes listed last week include $60M pad at Crown Building

250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

56 Leonard Street (Credit: iStock)

He invested more than $130M into 4 Manhattan condos. Now he’s taking a hit

Due to relatively high income levels and low transportation costs, New York City is the eight most affordable of 20 major cities (Credit: iStock)

NYC is the 8th most affordable big city in America*

arrow_forward_ios
Loading...