Ziel Feldman's HFZ Capital Group Acquires Development Site On West 30 Street In NoMad For $29.8M
SOLD
$29,800,000
New York
See Similar DealsDevelopment Site50,000 SF
Sold 07/26/2018
SOLD
Ziel Feldman's HFZ Capital Group Acquires Development Site On West 30 Street In NoMad For $29.8M
20 W 30th St, New York, NY 10001, USA
See Similar DealsDevelopment Site50,000 SF
Sold 07/26/2018
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$596
Total Square Footage:50,000 SF
Transaction Type:Sale
Ziel Feldman, the CEO of HFZ Capital Group, has acquired a development property located at 20-22 West 30 Street in the NoMad neighborhood of New York. The transaction took place on July 26, 2018, for a total price of $29,800,000. The property spans a total of 50,000 square feet, resulting in a price per square foot of $596.
Summary of transaction details
- Property Type: Development
- Transaction Amount: $29,800,000
- Address: 20-22 West 30 Street, New York
- Market: NoMad
The seller of the property was Henry Chen, while Ziel Feldman, representing HFZ Capital Group, acted as the buyer. This acquisition further expands HFZ Capital Group's real estate portfolio in the NoMad area.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,589,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$105,873.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$141,267.20
Annual Debt Service$1,695,206.44
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