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497 West 129th Street, New ...

Friedland Properties Sells Industrial Property In Manhattanville For $6.5M
SOLDIndustrial

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

Robert Shapiro

CBRE

Broker

$902.4M

vol

82 deals

Broker
FP
Friedland PropertiesSeller

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