Updated Oct 29, 2024
Hidrock Properties Acquires Development Site At 72 Nassau Street For $36M
72 Nassau St, New York, NY 10038, USA
$36,000,000
$29/SF
Building Size
1,212,750 SF
Asset Type
Development Site
Closing
Dec 3, 2019
About this deal
AI
The development site located at 72 Nassau Street in the Financial District has been sold for a total price of $36,000,000. The property has a total buildable square footage (BSF) of 121,275, with a price per buildable square footage (PPBSF) of $296.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $36,000,000
- BSF: 121,275
- PPBSF: $296
- Seller: Charles Gengler – GALB Realty
- Buyer: Hidrock Properties – Jack A. Hidary, Abraham J. Hidary, Eddie J. Hidary, Steven Hidary, David Huke, and Kevin Donner
The buyer, Hidrock Properties, is represented by Jack A. Hidary, Abraham J. Hidary, Eddie J. Hidary, Steven Hidary, David Huke, and Kevin Donner. On the other hand, the seller, Charles Gengler, is associated with GALB Realty.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Donner to view all their deals.
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93