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
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