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8 West 45th Street

Anthony Hu Acquires Development Site At 8 West 45th Street From Zohar Ben-Dov For $38.5M
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

Rubin Isak
Verified Badge

Rubin Isak

Development Site Advisors

Broker

$231.8M

vol

23 deals

Broker

Anthony Hu

Buyer

$81.5M

vol

4 deals

Buyer

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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93