facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

266 West 135th Street

RCM Group Purchases Development Site At 266 West 135th Street From Josh Rabina & Mickey Rabina For $9.25M
SOLDDevelopment Site

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

Isaac Matayev

Asset CRG Advisors

Broker

$122.3M

vol

11 deals

Broker
Asset CRG Advisors
Asset CRG AdvisorsBrokerage

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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