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218 West 147th Street

SOLDSpecial Purpose

Cushman & Wakefield Brokers $14.5M Sale Of Special Purpose School In Central Harlem

218 West 147th Street

$14,489,500

$632/SF

Building Size

22,922 SF

Asset Type

Special Purpose

Closing

Aug 18, 2022

AI

The special purpose property located at 218 W. 147th St. in Central Harlem has been sold for a price of $14,489,500. The property has a total area of 22,922 square feet, resulting in a price per square foot of $632. The transaction took place on August 18, 2022.

Summary of transaction details

  • Property Type: Special Purpose – School
  • Transaction Amount: $14,489,500
  • Address: 218 W. 147th St.
  • Market: Central Harlem
  • Square Footage: 22,922
  • Price Per Square Foot: $632

The property sale was facilitated by EDGE Property Group, with Cushman & Wakefield representing the seller. The broker representatives involved in the deal were Robert M. Shapiro, Ian Brooks, and Jordan Sutton.

Players

Jordan Sutton

JGS Realty GRP LLC

Broker

$246.4M

vol

33 deals

Broker
EG
EDGE Property GroupSeller

New York Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93