Brookfield sells West Harlem rental complex for $324M ($271k/unit) to Urban American, MSquared JV at 3333 Broadway

Brookfield Properties managed to sell a large West Harlem rental complex on its second try, with help from one of its now-former partners at the property.

Brookfield sold 3333 Broadway to Urban American, Alicia Glen’s MSquared and a group of investors for $323.5 million, the Commercial Observer reported. The deal breaks down to more than $271,000 per unit at the 1,193-unit complex.

MSquared
Sara Myerson | Managing Director, Investments
Brookfield Properties
Sally Matheu | SVP, Multifamily, East Region
Urban American
Evan Kaminer | VP, Acquisitions & Asset Management

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