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2013 3rd Avenue, Manhattan,...

Gary M Katz Sells Industrial Property In East Harlem, Manhattan For $9.3M
SOLDIndustrial

Gary M Katz Sells Industrial Property In East Harlem, Manhattan For $9.3M

2013 3rd Avenue, Manhattan, New York, NY, USA

$9,300,000

$594/SF

Building Size

15,652 SF

Asset Type

Industrial

Closing

Nov 4, 2021

AI

A industrial property located at 2013 3 Avenue in East Harlem, Manhattan has been sold for $9,300,000. The property has a Building Square Footage (BSF) of 83,480, with a price per BSF of $111. The total square footage (SF) of the property is 15,652, with a price per SF of $594. The lot size is 11,101, with a FAR (Floor Area Ratio) of 1.41. The property is zoned as R9, C2-5, EHC and falls under tax class 4. It has a permit for alteration 2, issued on December 13, 2011, and the lot dimensions are 100.92 ft x 110 ft.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $9,300,000
  • SF: 15,652
  • PPSF: $594
  • BSF: 83,480
  • PPBSF: $111
  • Lot Size: 11,101
  • FAR: 1.41
  • Tax Class: 4
  • Permits: Alteration 2 (12/13/2011)
  • Lot Dimension: 100.92 ft x 110 ft

The seller of the property is Gary M Katz.

Players

Presidio Property Trust
Presidio Property TrustBrokerage

New York Industrial Market Snapshot

Boundary boundary · Industrial · 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