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112 Liberty St, New York, N...

Updated Dec 21, 2023

Charles Gengler, Jack A. Hidary, Abraham J. Hidary, Eddie J. Hidary And Steven J. Hidary Purchase Development Site In Manhattan For $38.5M
SOLDDevelopment Site

Charles Gengler, Jack A. Hidary, Abraham J. Hidary, Eddie J. Hidary And Steven J. Hidary Purchase Development Site In Manhattan For $38.5M

112 Liberty St, New York, NY 10006, USA

Building Size

91,500 SF

Asset Type

Development Site

Closing

Nov 28, 2020

About this deal

AI

The property at 112 Liberty Street in Manhattan has been sold for a price of $38,500,000. The asset is a development site with a lot dimension of 46 x 113 and a total lot area of 6100 square feet. The commercial floor area ratio (FAR) is 15, and the property is zoned as C5-5,LM. The total buildable square footage (BSF) is 91,500, resulting in a price per buildable square footage (PPBSF) of $420.

Summary of transaction details

  • Property Type: Dev Site
  • Transaction Amount: $38,500,000
  • Lot Dimensions: 46 x 113
  • Lot Area: 6100 sqft
  • Commercial FAR: 15
  • Zoning: C5-5,LM
  • BSF: 91,500 sqft
  • PPBSF: $420

The seller of the property is David M. Baldwin Realty Co. There are no further details available about the deal or the individuals involved in the transaction.

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Bolivar Development Site Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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