Updated Sep 11, 2026
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
About this deal
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
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