SOLDDevelopment Site
Anthony Hu Acquires Development Site At 8 West 45th Street From Zohar Ben-Dov For $38.5M
8 West 45th Street
$38,500,000
Building Size
—
Asset Type
Development Site
Closing
Mar 17, 2025
AI
The asset involved in this transaction is a development site located at 8 West 45th Street in New York. The transaction was finalized for a total price of $38,500,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $38,500,000.00
- Buyer: Anthony Hu
- Seller: Zohar Ben-Dov
- Transaction Date: 03/17/2025
- Market: New York
Anthony Hu acted as the buyer in this transaction, while Zohar Ben-Dov represented the seller, facilitating the deal's successful closure.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93