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256 West 97th Street, New Y...

Sherry Goldstein Acquires Industrial Property In Upper West Side, Manhattan
SOLDIndustrial

Sherry Goldstein Acquires Industrial Property In Upper West Side, Manhattan

256 West 97th Street, New York City, New York 10025, United States

$11,000,000

$417/SF

Building Size

26,340 SF

Asset Type

Industrial

Closing

Jan 30, 2022

AI

The industrial property located at 256 West 97 Street in the Upper West Side of Manhattan has been sold for a total price of $11,000,000. The property has a building square footage of 26,340 and a price per square foot of $417. The building has a total of 50,460 buildable square footage with a price per buildable square foot of $217. The lot size is 5,046 square feet and the property has a floor area ratio (FAR) of 5.22. The property is zoned R10A and falls under tax class 4. The alteration permits for the property were issued on September 12, 2018, and the lot dimensions are 50 ft x 100.92 ft.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $11,000,000
  • Buyer: Sherry Goldstein
  • Seller: Hank Freid
  • Building Square Footage: 26,340
  • Price per Square Foot: $417
  • Buildable Square Footage: 50,460
  • Price per Buildable Square Foot: $217
  • Lot Size: 5,046 square feet
  • Floor Area Ratio (FAR): 5.22
  • Zoning: R10A
  • Tax Class: 4
  • Permits: Alteration (09/12/2018)
  • Lot Dimensions: 50 ft x 100.92 ft

The buyer of the property is Sherry Goldstein and the seller is Hank Freid. They were represented by their respective brokers in this transaction.

Players

Hank Freid

Seller

$26.5M

vol

2 deals

Seller

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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93