Friedland Properties Sells Industrial Property In Manhattanville For $6.5M
SOLD
$6,500,000
+ 1
New York
See Similar DealsIndustrial11,579 SF
Sold 12/30/2021
SOLD
Friedland Properties Sells Industrial Property In Manhattanville For $6.5M
497 West 129th Street, New York City, New York 10027, United States
See Similar DealsIndustrial11,579 SF
Sold 12/30/2021
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$561
Total Square Footage:11,579 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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