The Lamb’s Center For Urban Ministry Acquires Development Site In Manhattan For $3.83M
121 W 138th St, New York, NY 10030, USA
$3,830,000
$22/SF
Building Size
169,460 SF
Asset Type
Development Site
Closing
May 15, 2018
AI
The property located at 121-123 West 138th Street in New York City has been sold in a recent closed transaction. The property is a development site in Manhattan and was sold for a total price of $3,830,000. The building has a total square footage of 16,946 and a price per square foot of $226.
Summary of transation details
- Property Type: Dev Site
- Transaction Amount: $3,830,000
- Address: 121-123 West 138th Street
- City: New York
- Market: Manhattan
- BSF: 16,946
- PPBSF: $226
The seller of the property was Global Asset Management, while the buyer was The Lamb’s Center for Urban Ministry. The deal was facilitated by Victor Sozio, Executive Vice President, and Orry Michael, Director, both representing the investment sales department.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.14%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93