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
$29,800,000
$596/SF
Building Size
50,000 SF
Asset Type
Development Site
Closing
Jul 25, 2018
AI
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.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93