Mequity Acquires Self Storage Property From Seth Peyser In New York For $15.6M
SOLD
$15,600,000
New York
See Similar DealsSelf Storage40,593 SF
Sold 07/05/2017
SOLD
Mequity Acquires Self Storage Property From Seth Peyser In New York For $15.6M
465 W 150th St, New York, NY, 10031
See Similar DealsSelf Storage40,593 SF
Sold 07/05/2017
Summary
NEW YORK
Asset Type:Self Storage
Price Per Square Foot:$384
Total Square Footage:40,593 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$832,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,423.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,951.96
Annual Debt Service$887,423.50
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