RCM Group Purchases Development Site At 266 West 135th Street From Josh Rabina & Mickey Rabina For $9.25M
266 West 135th Street
$9,250,000
$925/SF
Building Size
9,992 SF
Asset Type
Development Site
Closing
Jun 3, 2025
AI
The development site located at 266 West 135th Street in Manhattan has a sale price of $9,250,000. The property encompasses 34,372 buildable square feet, translating to a price per buildable square foot of $269. It offers a total square footage of 9,992, with a price per square foot amounting to $925.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,250,000
- Address: 266 West 135th Street
- Market: Manhattan
- Buildable Square Feet: 34,372
- Price Per Buildable Square Foot: $269
- Total Square Footage: 9,992
- Price Per Square Foot: $925
- Buyer: RCM Group
- Seller: Josh Rabina & Mickey Rabina
- Buyer's Representative: Isaac Matayev - Asset CRG Advisors
Isaac Matayev from Asset CRG Advisors represented the buyer, RCM Group, in the purchase of the property. Asset CRG Advisors is currently engaged in marketing several other properties in the boroughs, providing opportunities for prospective buyers and sellers.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93