New York City School Construction Authority Acquires Mixed-Use Property In Inwood For $23.6M
3761 10th Avenue, Manhattan, New York, NY, USA
$23,600,000
$1,521/SF
Building Size
15,512 SF
Asset Type
Mixed-use
Closing
Jul 12, 2021
About this deal
AI
The mixed-use property located at 3761 & 3769 10th Avenue in Inwood has been sold in a closed transaction. The property is zoned as M1-4/R9A, allowing for a variety of uses. The transaction involved the sale of the property to the New York City School Construction Authority for a price of $23,600,000. The property has a total building square footage (BSF) of 55,420 and a total square footage (SF) of 15,512.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $23,600,000
- Address: 3761 & 3769 10th Avenue, Inwood
- Market: Inwood
- Zoning: M1-4/R9A
- Buyer: New York City School Construction Authority - Lorraine Grillo
- Seller: Paul Gagliardi
- BSF: 55,420
- SF: 15,512
The buyer in this transaction is the New York City School Construction Authority, represented by Lorraine Grillo. The seller of the property is Paul Gagliardi. The transaction marks the sale of a significant mixed-use property in the Inwood market.
On the Map
$23,600,000
$1,521/SF
Mixed-use
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New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93