Artifact Acquires 22,500 SF Industrial Building In Harlem For $18.05M
SOLD
$18,050,000
New York
See Similar DealsIndustrial22,500 SF
Sold 03/16/2022
SOLD
Artifact Acquires 22,500 SF Industrial Building In Harlem For $18.05M
2337 12th Avenue, New York City, New York 10027, United States
See Similar DealsIndustrial22,500 SF
Sold 03/16/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$802
Total Square Footage:22,500 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$962,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,127.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,566.21
Annual Debt Service$1,026,794.50
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