3333 Broadway
3333 Broadway
3333 Broadway: 1,193-unit Multifamily Asset
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- Property Type
- MultifamilyMixed Use
- Deal Type
- Acquisition
- Risk Profile
- Core
EXECUTIVE SUMMARY:
Cushman & Wakefield has been exclusively retained by Ownership to offer for sale the 100% leasehold interest in 3333 Broadway (the “Property”), an 845,870 square-foot multifamily complex located in Northern Manhattan in the epicenter of the “Educational Triangle” and directly in the path of Columbia University’s Manhattanville Expansion. Constructed in 1975, the Property was once the largest residential structure in the United States, spanning five towers connected at the base that range from 11 to 35 stories. The Property features 1,193 units, 50% of which are market rate, while 48% of the units are Section 8 and 2% are LAP.
Located on Broadway between West 133rd and West 135th Street, 3333 Broadway sits immediately adjacent to Columbia University and offers convenient transportation to all corners of Manhattan and the outer boroughs, with ample dining and retail options in the immediate vicinity. Manhattanites, especially those looking for easy access to Columbia University, City College and nearby New York Presbyterian Hospital, have long recognized the Property’s unparalleled location, evidenced by 3333 Broadway’s 95% average historical occupancy and its current occupancy of 97%.
All inquiries should be directed to Cushman & Wakefield.