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112 West 145th Street, Manh...

Updated Oct 25, 2024

Bilt advertisement
Steven Neuman Acquires Retail Property In Harlem, Manhattan For $6.05M
SOLDRetail

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

About this deal

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.

Players

Steven Neuman

Haussmann Development

Buyer

$107.9M

vol

6 deals

Buyer

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $402 per square foot on a published $6.1M for 15,028 square feet (2021).

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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

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