facebook
Traded Co logo
Submit

Gary Spindler Acquires Garage On Upper West Side For $9.35M

Property Image
SOLD
$9,350,000
Victor Sozio
Shimon Shkury
+ 3

New York

See Similar Deals
Other29,000 SF
Sold 09/15/2021
the dealplayerscompscontact
Property Image
SOLD

Gary Spindler Acquires Garage On Upper West Side For $9.35M

102 W 107th St, Manhattan, New York, NY, USA

See Similar Deals
Other29,000 SF
Sold 09/15/2021
Victor Sozio
Shimon Shkury
+ 3
Contact now

Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$322
Total Square Footage:29,000 SF
Transaction Type:Sale

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

Mark Anderson
2 deals$11.3M volume(412) 401-5166
BROKER

Michael A. Tortorici
Ariel Property Advisors
48 deals$908.9M volume
BROKER

Shimon Shkury
Ariel Property Advisors
55 deals$1.7B volume
BROKER

Victor Sozio
Ariel Property Advisors
111 deals$2.3B volume
BROKER

Courtney Lee
Ariel Property Advisors
4 deals$46.9M volume
BROKER

Gary Spindler
6 deals$111.3M volume
BUYER

Details

SOLD
IMAGE: Gary Spindler DATE: 09/15/2021 ADDRESS: 102 West 107th St. MARKET: Upper West Side ASSET TYPE: Garage BUYER: Gary Spindler SELLER: Jeffrey I Farber BROKERS: Victor Sozio, Shimon Shkury, Michael Tortorici, Mark Anderson & Courtney Lee @ArielPA.NYC PRICE: $9,350,000 SF: 29,000 ~ PPSF: $322 LOT SIZE: 75 ft x 100.92 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$498,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,218.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,323.77
Annual Debt Service$531,885.24