Gary Spindler Acquires Garage On Upper West Side For $9.35M
102 W 107th St, Manhattan, New York, NY, USA
$9,350,000
$322/SF
Building Size
29,000 SF
Asset Type
Other
Closing
Sep 14, 2021
AI
Located at 102 West 107th St in the desirable Upper West Side market, a garage property has been sold in a closed transaction. The sale took place on September 15, 2021, and the property was purchased by Gary Spindler. The seller of the garage is Jeffrey I Farber.
Summary of transaction details:
- Property Type: Garage
- Transaction Amount: $9,350,000
- Square Footage: 29,000
- Price per Square Foot: $322
- Address: 102 West 107th St
- Market: Upper West Side
The deal was facilitated by the team of brokers composed of Victor Sozio, Shimon Shkury, Michael Tortorici, Mark Anderson, and Courtney Lee from Ariel Property Advisors (@ArielPA.NYC).
The garage property sits on a lot measuring 75 ft x 100.92 ft. This transaction represents a significant sale on the Upper West Side, highlighting the ongoing demand for properties in this market segment.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93