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136 West 44th Street

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

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

136 West 44th Street

$20,100,000

Building Size

Asset Type

Development Site

Closing

Apr 23, 2026

AI

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 Knakal

BKREA

Broker

$3.4B

vol

66 deals

Broker

Ronen Ben Joseph

Buyer

$20.1M

vol

3 deals

Buyer
TO
The Durst OrganizationSeller

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93