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473 Amsterdam Avenue

Updated Jul 21, 2025

Bilt advertisement
Bruce C. Roch, Jr Of Storage Post Acquires Self Storage Facility In Manhattan For $60M
SOLDSelf Storage

Bruce C. Roch, Jr Of Storage Post Acquires Self Storage Facility In Manhattan For $60M

473 Amsterdam Avenue

$60,000,000

$620/SF

Building Size

96,730 SF

Asset Type

Self Storage

Closing

Jul 15, 2025

About this deal

AI

A 96,730-square-foot self-storage building located at 473 Amsterdam Avenue in Manhattan’s Upper West Side has been sold for $60,000,000. This transaction represents a price of $620 per square foot. The asset type involved in the deal is self-storage.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $60,000,000
  • Address: 473 Amsterdam Avenue
  • Market: Upper West Side, Manhattan
  • Square Footage: 96,730
  • Price Per Square Foot: $620
  • Buyer: Bruce C. Roch, Jr - Storage Post
  • Seller: Sofia Storage

Bruce C. Roch, Jr, representing Storage Post, facilitated the acquisition from Sofia Storage. This transaction highlights the activities of prominent players within the self-storage market, reflecting on the business strategy of Storage Post in expanding its portfolio.

Players

SP
Storage PostBuyer

New York Self Storage Market Snapshot

Boundary boundary · Self Storage · Sale transactions

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Deal FAQ

About $620 per square foot on a published $60M for 96,730 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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