Updated Oct 29, 2024
Mequity Acquires Self Storage Property From Seth Peyser In New York For $15.6M
465 W 150th St, New York, NY, 10031
$15,600,000
$384/SF
Building Size
40,593 SF
Asset Type
Self Storage
Closing
Jul 5, 2017
About this deal
AI
The self storage property located at 465 W 150th St, New York, NY, 10031 was sold on 07/05/2017 for the price of $15,600,000.00. The transaction involved a 40,593 square foot asset in the New York market.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $15,600,000.00
- Address: 465 W 150th St, New York, NY, 10031
- Market: New York
- Seller's Rep: Seth Peyser (League Real Estate Group)
- Buyer: Mequity
Seth Peyser from League Real Estate Group represented the seller in this transaction, while Mequity acted as the buyer in the acquisition of the self storage property.
On the Map
$15,600,000
$384/SF
Self Storage
View full map
New York Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
Loading comparables…
Deal FAQ
Visit League Real Estate Group to view all their deals.
Browse New York self storage sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93