Updated Oct 28, 2024
Storage Post Acquires Keepers Self Storage Industrial Property In Alphabet City For $61M
444 East 10th Street, New York City, New York 10009, United States
$61,000,000
$659/SF
Building Size
92,470 SF
Asset Type
Industrial
Closing
May 17, 2022
About this deal
AI
An industrial property located at 444 East 10th Street in Alphabet City has been sold. The property, owned by Keepers Self Storage, was purchased by Storage Post for a total of $61,000,000. The property spans a total of 92,470 square feet, resulting in a price per square foot of $659.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $61,000,000
- Address: 444 East 10th Street
- Market: Alphabet City
- Buyer: Storage Post
- Seller: Keepers Self Storage
- Square Footage: 92,470
- Price per Square Foot: $659
The buyer, Storage Post, alongside their representative from Storage Post, and the seller, Keepers Self Storage, were key players in this transaction. Additional details regarding the deal were not available.
On the Map
$61,000,000
$659/SF
Industrial
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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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93