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
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.
Players
Bolivar Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
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