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3966 10th Avenue, Manhattan...

Lawrence Rosenblatt Acquires Industrial Property In Inwood, Manhattan For $10.4M
SOLDIndustrial

Lawrence Rosenblatt Acquires Industrial Property In Inwood, Manhattan For $10.4M

3966 10th Avenue, Manhattan, New York, NY, USA

$10,400,000

$2,313/SF

Building Size

4,496 SF

Asset Type

Industrial

Closing

Nov 2, 2021

AI

The industrial property located at 3966 10 Avenue in Inwood, Manhattan has been sold for $10,400,000. The property, with a total square footage of 4,496, was purchased by Lawrence Rosenblatt from Cheney Vasquez. The sale price per square foot was $2,313, and the building's square footage (BSF) is 60,152. The price per BSF was $172. The property is zoned as C4-4D and falls under tax class 4. The lot size is 9,992 square feet, with lot dimensions of 99.92 ft x 100 ft. The property obtained permits for a new building on June 1, 2009, and has a floor area ratio (FAR) of 0.45.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $10,400,000
  • Buyer: Lawrence Rosenblatt
  • Seller: Cheney Vasquez
  • Square Footage: 4,496
  • Price per Square Foot (PPSF): $2,313
  • Building Square Footage (BSF): 60,152
  • Price per BSF: $172
  • Zoning: C4-4D
  • Tax Class: 4
  • Lot Size: 9,992 square feet
  • Permits: New Building (06/01/2009)
  • Lot Dimensions: 99.92 ft x 100 ft

Note: No additional information regarding the property transaction is available.

Players

Lawrence Rosenblatt

Buyer

$32.6M

vol

2 deals

Buyer

Cheney Vasquez

Seller

$19.4M

vol

3 deals

Seller

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

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93