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.
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