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
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