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Ben Joseph Group Holdings Acquires Development Site From The Durst Organization For $20.1M

Property Image
SOLD
$20,100,000
Robert (Bob) Knakal
Ryan Candel
RJ
+ 1

New York

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Development Site
Sold 04/24/2026
the dealplayerscompscontact
Property Image
SOLD

Ben Joseph Group Holdings Acquires Development Site From The Durst Organization For $20.1M

136 West 44th Street

See Similar Deals
Development Site
Sold 04/24/2026
Robert (Bob) Knakal
Ryan Candel
RJ
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

The property involved in this transaction is a development site located at 136 West 44th Street, Manhattan. The sale price for this asset was $20,100,000, with a building square footage (BSF) of 60,322 and a price per building square foot (PPBSF) of $333.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $20,100,000
  • Address: 136 West 44th Street
  • Market: Manhattan
  • BSF: 60,322
  • PPBSF: $333
  • Buyer: Ben Joseph Group Holdings
  • Seller: The Durst Organization
  • Brokers: Robert Knakal, Jas Saini & Ryan Candel - BK Real Estate Advisors

Key individuals involved in the transaction include Ronen Ben Joseph from the buyer side and Douglas Durst representing the seller side. The brokerage team comprised Robert Knakal, Jas Saini, and Ryan Candel, who facilitated the sale through BK Real Estate Advisors.

Players

Robert (Bob) Knakal
BKREA
Robert Knakal
65 deals$3.4B volume(907) 509-9501
BROKER
Ryan Candel
BKREA
Ryan Candel
3 deals$45.9M volume(212) 812-5700
BROKER
Jas Saini
BKREA
Jas Saini
2 deals$41.4M volume(571) 447-0489
BROKER
RJ
Ronen Ben Joseph
3 deals$20.1M volume
BUYER
TO
The Durst Organization
SELLER

Details

SOLD
IMAGE: Ronen Ben Joseph, Douglas Durst, Robert Knakal, Ryan Candel & Jas Saini DATE: 4/24/2026 ADDRESS: 136 West 44th Street MARKET: Manhattan ASSET TYPE: Development Site BUYER: Ben Joseph Group Holdings SELLER: The Durst Organization (@TheDurstOrg) BROKERS: Robert Knakal (@BobKnakalNYC), Jas Saini (@Jassaini.CRE) & Ryan Candel - BK Real Estate Advisors SALE PRICE: $20,100,000 BSF: 60,322 ~ PPBSF: $333

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,072,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$71,411.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$95,284.25
Annual Debt Service$1,143,411.05