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
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