Storage Deluxe Acquires Industrial Property In Inwood For $15.2M
302 Dyckman Street, Manhattan, New York, NY, USA
$15,200,000
$387/SF
Building Size
39,220 SF
Asset Type
Industrial
Closing
Jun 14, 2021
AI
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
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93