Updated Dec 20, 2023
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
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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