Steven Neuman Acquires Retail Property In Harlem, Manhattan For $6.05M
112 West 145th Street, Manhattan, New York, NY, USA
$6,050,000
$402/SF
Building Size
15,028 SF
Asset Type
Retail
Closing
May 24, 2021
AI
The property involved in this transaction is located at 112 West 145 Street in Harlem, Manhattan. It is a retail asset with a zoning classification of C8-3. The property has a lot size of 15,987 square feet and lot dimensions of 160 ft x 99.92 ft. It received full demolition permits on January 27, 2021. The transaction took place on May 25, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,050,000
- Buyer: Steven Neuman
- Seller: Tracy Cohen
- Market: Harlem, Manhattan
- BSF: 31,974
- PPBSF: $189
- SF: 15,028
- PPSF: $402
- FAR: 0.94
- Tax Class: 4
In this transaction, Steven Neuman purchased the property from Tracy Cohen for a price of $6,050,000. The buyer's representative in the deal was not mentioned in the provided information. The market for the property is located in Harlem, Manhattan. The property has a building square footage (BSF) of 31,974 and a price per building square foot (PPBSF) of $189. The total square footage (SF) of the property is 15,028 and the price per square foot (PPSF) is $402. The property has a floor area ratio (FAR) of 0.94 and is classified as tax class 4.
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93