Yards Realty Acquires Development Site On West 36th Street In Hudson Yards For $6.9M
440 W 36th St, New York, NY 10018, USA
$6,900,000
$464/SF
Building Size
14,862 SF
Asset Type
Development Site
Closing
Jul 17, 2019
AI
The property involved in this closed transaction is a development site located at 440 West 36th Street in the Hudson Yards market. The sale price for this property was $6,900,000. It has a building square footage (BSF) of 14,862 and a price per building square footage (PPBSF) of $464.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,900,000
- BSF: 14,862
- PPBSF: $464
- Address: 440 West 36th Street
- Market: Hudson Yards
The sellers of this development site were the Friars Minor of the Order of St. Francis. The buyers were Yards Realty, LLC, represented by Jeff Huang. Matthew L. Gillis and Howard Raber served as the sellers' representatives in this transaction, while Angela Huang represented the buyers.
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93