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.
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Steven Neuman to view all their deals.
Browse New York retail sales on Traded.
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