415 West 120th Street
415 West 120th Street
$19,000,000
$588/SF
Building Size
32,295 SF
Asset Type
Development Site
Closing
Jan 28, 2016
AI
The asset involved in this transaction is a development site located at 415 West 120th Street in New York. The transaction was finalized at a price of $19,000,000.00, with a total square footage of 32,295.0.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $19,000,000.00
- Address: 415 West 120th Street
- Market: New York
- Square Footage: 32,295.0
- Seller: Christopher Schlank
- Brokers: Josh Lipton (Invictus), Andrew Levine (Invictus)
- Sale Date: 01/28/2016
The key individuals in this transaction include the seller, Christopher Schlank, and the brokers representing the transaction, Josh Lipton and Andrew Levine, both from Invictus. Their involvement signifies the professional mediation that facilitated this sale process.
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93