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121 W 138th St, New York, N...

The Lamb’s Center For Urban Ministry Acquires Development Site In Manhattan For $3.83M
SOLDDevelopment Site

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

Victor Sozio

Ariel Property Advisors

Broker

$2.4B

vol

115 deals

Broker
GM
Global Asset ManagementSeller

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