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Richard Herman Acquires Industrial Property On Cooper Street In Inwood, Manhattan For $15.15M

Property Image
SOLD
$15,150,000

New York

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Industrial79,400 SF
Sold 05/20/2021
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Property Image
SOLD

Richard Herman Acquires Industrial Property On Cooper Street In Inwood, Manhattan For $15.15M

97 Cooper Street, Manhattan, New York, NY, USA

See Similar Deals
Industrial79,400 SF
Sold 05/20/2021
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$190
Total Square Footage:79,400 SF
Transaction Type:Sale

The industrial property located at 97 Cooper Street in Inwood, Manhattan has been sold in a transaction that took place on May 20, 2021. The property, with a zoning classification of R7A and C2-4, offers a total buildable area of 79,400 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $15,150,000
  • Address: 97 Cooper Street, Inwood, Manhattan
  • Market: Inwood, Manhattan
  • Buyer: Richard Herman
  • Seller: Barry Aronowsky
  • Price per Building Square Foot (PPBSF): $190
  • Total Square Footage: 79,400
  • Price per Square Foot (PPSF): $190
  • Floor Area Ratio (FAR): 4.00
  • Tax Class: 2
  • Lot Size: 19,850 square feet
  • Permits: Alteration type 2 - issued on August 17, 2017
  • Lot Dimensions: 125 ft x 153.58 ft

Richard Herman represented the buyer in this transaction, while the seller, Barry Aronowsky, was represented by their own representative from their respective agencies.

Players

Richard Herman
Prana Investments
Richard Herman
6 deals$48.2M volume
BUYER

Details

SOLD
IMAGE: 2021-05-20 ADDRESS: 97 Cooper Street MARKET: Inwood,Manhattan ASSET TYPE: Industrial ~ ZONING: R7A, C2-4 BUYER: Richard Herman SELLER: Barry Aronowsky PRICE: $15,150,000 BSF: 79,400 ~ PPBSF: $190 SF: 79,400 ~ PPSF: $190 FAR: 4.00 TAX CLASS: 2 LOT SIZE: 19,850 PERMITS: Alteration type 2 (08/17/2017) LOT DIMENSIONS: 125 ft x 153.58 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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