Updated Sep 11, 2026
Flatiron Equities & Mequity Companies Convert Midtown South Asset To Self-Storage For $17.27M
152 West 36th Street
$17,270,000
$230/SF
Building Size
75,082 SF
Asset Type
Self Storage
Closing
Sep 10, 2024
About this deal
AI
The property asset involved in the transaction is located at 152 West 36th Street in Midtown South. It encompasses a conversion to self-storage with a total square footage of 75,082 and consists of 1,469 units. The equity amount involved in the transaction is $17,270,000. The equity type is classified as Limited Partner, specifically from a Family Office.
Summary of transaction details:
- Property Type: Conversion to Self-Storage
- Transaction Amount: $17,270,000
- Square Footage: 75,082
- Units: 1,469
- Address: 152 West 36th Street
- Market: Midtown South
- Landlord: Flatiron Equities & Mequity Companies
- Brokers: Dylan Kane, Zach Redding & Peter Nicoletti - Colliers
The deal involves key individuals including the brokers Dylan Kane, Zach Redding, and Peter Nicoletti, all representing Colliers in this transaction. The landlords, Flatiron Equities and Mequity Companies, play a significant role in the transaction as asset owners.
On the Map
$17,270,000
$230/SF
Self Storage
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Players
New York Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93