facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

323 West 74th Street, Manha...

Updated Dec 20, 2023

Michael O'Hare And Christina Clark Acquire Industrial Property In Upper West Side For $7.995M
SOLDIndustrial

Michael O'Hare And Christina Clark Acquire Industrial Property In Upper West Side For $7.995M

323 West 74th Street, Manhattan, New York, NY, USA

$7,995,000

$837/SF

Building Size

9,552 SF

Asset Type

Industrial

Closing

Oct 5, 2021

About this deal

AI

A industrial property located at 323 West 74 Street in the Upper West Side neighborhood of New York City has been sold for $7,995,000. The property has a total building square footage (BSF) of 24,000, resulting in a price per BSF of $333. The building itself spans 9,552 square feet, equating to a price per square foot (PPSF) of $836. The lot size measures 2,400 square feet, with dimensions of 30 feet by 80 feet.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $7,995,000
  • Address: 323 West 74 Street, Upper West Side, New York City
  • Market: Upper West Side

The buyer of the property is Michael O'Hare and Christina Clark, while the sellers are Michele Velle and Van Velle. The transaction was facilitated by Maria Manuche from Compass. The property is classified under tax class 2B and has a floor area ratio (FAR) of 3.98. A permit for alteration was issued on March 27, 2009.

Players

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Deal FAQ

About $837 per square foot on a published $8M for 9,552 square feet (2021).

Browse New York industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets