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102 W 107th St, Manhattan, ...

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

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

Mark Anderson

Colliers

Broker

$11.3M

vol

2 deals

Broker
Gary Spindler

Gary Spindler

Park-It Management

Buyer

$111.3M

vol

6 deals

Buyer

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

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