Updated Oct 29, 2024
Exact Capital Group Acquires Development Site In Harlem For $6.4M
210 West 145th Street, Manhattan, New York, NY, USA
$6,395,000
$148/SF
Building Size
42,966 SF
Asset Type
Development Site
Closing
Dec 28, 2020
About this deal
AI
A development site located at 210 West 145th Street in Harlem has been sold for $6,395,000. The property has a lot size of 125 ft x 99.92 ft and is zoned as R7-2, C2-4.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $6,395,000
- Market: Harlem
- Asset Type: Development site
- Zoning: R7-2, C2-4
The buyer of the property is Exact Capital Group, represented by Craig Livingston. The seller is Gospel Spreading Association.
Craig Livingston, from Exact Capital Group, acted as the buyer's representative in this transaction. The sale of this development site presents a significant opportunity for further development and investment in Harlem.
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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93