Updated Oct 12, 2026
Artifact Acquires 22,500 SF Industrial Building In Harlem For $18.05M
2337 12th Avenue, New York City, New York 10027, United States
$18,050,000
$802/SF
Building Size
22,500 SF
Asset Type
Industrial
Closing
Mar 15, 2022
About this deal
AI
An industrial property located at 2337 12th Avenue in Harlem was recently sold. The property spans across 22,500 square feet and was sold for a price of $18,050,000, resulting in a price per square foot of $802.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $18,050,000
- Address: 2337 12th Avenue
- Market: Harlem
The buyer of the property is Artifact, and the seller is Angie Cayer.
The industrial sale at 2337 12th Avenue, New York City, New York 10027, United States in New York, New York sold for $18.1M in 2022. The building is 22,500 square feet, implying about 802 per square foot on the published price. Named participants on the 2337 12th Avenue, New York City, New York 10027, United States sale are Angie Cayer. This page is the New York, New York file for the 2337 12th Avenue, New York City, New York 10027, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else sold near 2337 12th Avenue, New York City, New York 10027, United States around 2022. Published consideration for 2337 12th Avenue, New York City, New York 10027, United States is $18.1M, dated 2022. Cite this Artifact Acquires 22,500 SF Industrial Building In Harlem For $18.05M sale when underwriting similar industrial product around New York, New York.
On the Map
$18,050,000
$802/SF
Industrial
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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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93