Anthony Hu Acquires Development Site At 8 West 45th Street From Zohar Ben-Dov For $38.5M
SOLD
$38,500,000
New York
See Similar DealsDevelopment Site
Sold 03/17/2025
SOLD
Anthony Hu Acquires Development Site At 8 West 45th Street From Zohar Ben-Dov For $38.5M
8 West 45th Street
See Similar DealsDevelopment Site
Sold 03/17/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,053,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$136,782.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$182,509.64
Annual Debt Service$2,190,115.70
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