facebook
Traded Co logo
Submit

Javier Martinez Acquires Industrial Property In Harlem, Manhattan For $18.05M

Property Image
SOLD
$18,050,000

New York

See Similar Deals
Industrial22,505 SF
Sold 03/03/2022
the dealplayerscompscontact
Property Image
SOLD

Javier Martinez Acquires Industrial Property In Harlem, Manhattan For $18.05M

2337 Joe Dimaggio Hwy, New York City, New York 10027, United States

See Similar Deals
Industrial22,505 SF
Sold 03/03/2022
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$802
Total Square Footage:22,505 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial building located at 2337 Joe Dimaggio Highway (aka 2335 Twelfth Ave) in Harlem, Manhattan. The property has a zoning classification of C6-2, MMU and sits on a lot size of 7,603 square feet. The lot dimensions measure 60.83 feet by 125 feet. The building has a total square footage of 22,505, with a price per square foot of $802, resulting in a total sale price of $18,050,000. The building has a total buildable square footage of 45,770, with a price per buildable square foot of $394. The FAR (Floor Area Ratio) for the property is 2.96. The property falls under tax class 4 and has permits registered as of July 12, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $18,050,000
  • Buyer: Javier Martinez
  • Seller: Angie Cayer
  • Building Square Footage: 22,505
  • Price Per Square Foot: $802
  • Buildable Square Footage: 45,770
  • Price Per Buildable Square Foot: $394

Javier Martinez is the buyer in this transaction, while Angie Cayer acts as the seller. Please note that no additional details are provided about the key individuals and companies involved in the deal.

Players

2 deals$24.8M volume
BUYER

Details

SOLD
IMAGE: 03/03/2022 ADDRESS: 2337 Joe Dimaggio Highway (aka 2335 Twelfth Ave) MARKET: Harlem, Manhattan ASSET TYPE: Industrial ~ ZONING: C6-2, MMU BUYER: Javier Martinez SELLER: Angie Cayer PRICE: $18,050,000 BSF: 45,770 ~ PPBSF: $394 SF: 22,505 ~ PPSF: $802: $394 FAR: 2.96 TAX CLASS: 4 LOT SIZE: 7,603 PERMITS: Registration (7/12/2021) LOT DIMENSION: 60.83 ft x 125 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
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