Friedland Properties Sells Industrial Property In Manhattanville For $6.5M
497 West 129th Street, New York City, New York 10027, United States
$6,500,000
$561/SF
Building Size
11,579 SF
Asset Type
Industrial
Closing
Dec 30, 2021
AI
The industrial property located at 497 West 129th Street in Manhattanville has been sold for a price of $6,500,000. The property spans 11,579 square feet, resulting in a price per square foot of $561. The sale took place on December 30, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,500,000
- Address: 497 West 129th Street
- Market: Manhattanville
- Square Footage: 11,579
The seller of the property was Friedland Properties. The sale was facilitated by Cushman & Wakefield, with Robert Shapiro, Eric Roth, Tyler Signora, and Harry James representing Friedland Properties in the deal.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93