Gatsby Enterprises LLC Acquires Office Building In West Harlem For $19.5M
75 W 125th St, New York, NY 10027, USA
Building Size
64,000 SF
Asset Type
Retail
Closing
Feb 21, 2018
AI
An office building located at 75 West 125th Street in West Harlem, New York has been sold for $19,450,000. The property spans across 27,933 square feet and has a price per square foot of $696. The total building square footage is 70,536, resulting in a price per building square foot of $275.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $19,450,000
- Address: 75 West 125th Street, New York
- Market: West Harlem
- Square Footage: 27,933 sf (building), 70,536 sf (total)
- Price per Square Foot: $696 (building), $275 (total)
The seller of the office building was Carver Federal Savings Bank, represented by Michael T. Pugh. The buyer of the property was Gatsby Enterprises LLC, represented by Nader Ohebshalom.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93