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Sonnenblick-Goldman Company.


Sonnenblick-Goldman Company, in conjunction with Wafra Investment Advisory Group, Inc., has arranged the sale of The Broadway at 2250 Broadway in Manhattan on behalf of an offshore client. New York-based OWL, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 purchased the building at a 7.7 percent capitalization rate Capitalization Rate

According to the Appraisal Institute, it is a method used to convert an estimate of a single year's income expectancy into an indication of value in one direct step, by dividing the income estimate by an appropriate rate.
.

The Broadway is a 35,200 square-foot retail condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 situated at the base of a 21-story, 124-unit luxury residential condominium tower. The property is currently 100 percent leased to Staples, Inc. and Starbucks Corporation. Built in 1914 as a Vaudeville vaudeville (vôd`vĭl), originally a light song, derived from the drinking and love songs formerly attributed to Olivier Basselin and called Vau, or Vaux, de Vire.  theater, the property still maintains its original historical facade.

Andrew Oliver For other persons named Andrew Oliver, see Andrew Oliver (disambiguation).

Andrew Oliver (March 28, 1706 - March 3, 1774) was a Massachusetts politician. He was the son of Daniel and Elizabeth Belcher Oliver. He had two brothers: Daniel (1704-1727) and Peter (1713-1791).
, managing director of Sonnenblick-Goldman Company, said "There was strong interest in the property because of its location and tenancy. This type of property rarely becomes available in the marketplace."

Sonnenblick-Goldman received offers from a diversified group of buyers, including Asian, German and Middle Eastern investors, as well as domestic pension funds and private investors.
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Nov 17, 1999
Words:147
Previous Article:McCarthy O'Callaghan Company, Inc.
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