facebook
Traded Co logo
Submit

Storage Deluxe Acquires Industrial Property In Inwood For $15.2M

Property Image
SOLD
$15,200,000
Steven Guttman
Steve Novenstein

New York

See Similar Deals
Industrial39,220 SF
Sold 06/15/2021
the dealplayerscompscontact
Property Image
SOLD

Storage Deluxe Acquires Industrial Property In Inwood For $15.2M

302 Dyckman Street, Manhattan, New York, NY, USA

See Similar Deals
Industrial39,220 SF
Sold 06/15/2021
Steven Guttman
Steve Novenstein
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$387
Total Square Footage:39,220 SF
Transaction Type:Sale

An industrial property located at 302 Dyckman Street in Inwood has been sold for a total price of $15,200,000. The property spans a total area of 39,220 square feet, resulting in a price per square foot of $387. The transaction took place on June 15, 2021, with the buyer being Storage Deluxe represented by Steven Guttman, Steve Novenstein, and Nick Coslov. The seller, Magic Novelty Co., was represented by David Neuberger.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $15,200,000
  • Square Footage: 39,220
  • Price per Square Foot: $387
  • Address: 302 Dyckman Street
  • Market: Inwood

Steven Guttman, Steve Novenstein, and Nick Coslov acted as representatives of Storage Deluxe in the deal. Additionally, David Neuberger represented Magic Novelty Co. in the transaction.

Players

Steven Guttman
Steven Guttman
4 deals$96.6M volume
BUYER
Steve Novenstein
Steve Novenstein
6 deals$124.6M volume
BUYER
SD
Storage Deluxe
BUYER

Details

SOLD
IMAGE: Steven Guttman, Steve Novenstein & Nick Coslov DATE: 06/15/2021 ADDRESS: 302 Dyckman Street MARKET: Inwood ASSET TYPE: Industrial BUYER: Storage Deluxe - Steven Guttman, Steve Novenstein & Nick Coslov SELLER: Magic Novelty Co. - David Neuberger SALE PRICE: $15,200,000 SF: 39,220 ~ PPSF: $387

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)

$810,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,002.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,055.75
Annual Debt Service$864,669.06