Xavier Jimenez Acquires Vacant Elevator Parking Garage In Harlem For $6.3M
457 W 150th St #459, New York, NY 10031, USA
Building Size
192,000 SF
Asset Type
Other
Closing
Mar 29, 2018
About this deal
AI
A vacant elevator parking garage located at 457-459 West 150th Street in Harlem, New York has been sold in a closed transaction for a price of $6,300,000. The property spans an area of 19,200 square feet and is primed for conversion. The building dimensions measure 50 by 96 feet. The seller of the property was @PlatinumRealtyNYC, represented by David Koptiev, while the buyer was Xavier Jimenez.
Summary of transaction details
- Property Type: Vacant Elevator Parking Garage – Prime For Conversion
- Transaction Amount: $6,300,000
- Square Footage: 19,200 sf
- Address: 457-459 West 150th Street, Harlem, New York
The transaction was facilitated by ONE Commercial, with Josh Lipton, Andrew Levine, and David Koptiev serving as brokers. They played a key role in bringing the buyer and seller together to complete the deal successfully.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93