$9.35M Parking Lot Sale At 102 W 107th St, New York By Ariel Property Advisors
102 W 107th St, New York, NY, 10025
$9,350,000
Building Size
—
Asset Type
Parking Lot
Closing
Oct 12, 2021
AI
The parking garage at 102 West 107th Street in New York was recently sold for $9,350,000. The property spans four stories and includes two service elevators, as well as below-grade space. Covering 29,700 square feet, the garage also boasts a 75 by 101 ft. lot with 576 s/f of air rights.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: $9,350,000.00
- Address: 102 W 107th St, New York, NY, 10025
- Market: New York
- Seller's Rep: Mark Anderson (Ariel Property Advisors)
- Buyer: Unknown
Ariel Property Advisors played a significant role in arranging the sale of the parking garage, with Victor Sozio, Shimon Shkury, Michael Tortorici, Mark Anderson, and Courtney Lee facilitating the transaction. The property not only features ample space for parking but also includes below-grade areas, service elevators, and valuable air rights.
New York Parking Lot Market Snapshot
Boundary boundary · Parking Lot · 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