Ronald Klausner Sells Commercial/Development Property In Central Harlem, Manhattan For $5.05M
222-226 West 145th Street, New York City, New York 10039, United States
$5,050,000
$458/SF
Building Size
11,009 SF
Asset Type
Commercial
Closing
May 4, 2022
AI
Located at 222-226 West 145th Street in Central Harlem, Manhattan, this commercial/development property has been sold in a recent transaction.
Summary of transaction details:
- Property Type: Commercial/Development
- Transaction Amount: $5,050,000
- Size: 11,009 square feet
- Price per square foot: $458
- Buildable square footage: 25,979
- Price per buildable square foot: $194
Ronald Klausner acted as the seller in this transaction, represented by Jason M. Gold, James Nestor, and Michael Tortorici from Ariel Property Advisors.
This sale represents a significant investment opportunity in the vibrant neighborhood of Central Harlem, Manhattan.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93