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
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