Updated Jul 21, 2025
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
New York Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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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