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436 East 10th Street, New Y...

Updated Mar 11, 2025

Heitman Capital Provides $40.3M Acquisition Loan For Industrial Property On East 10th Street
FINANCEDIndustrial

Heitman Capital Provides $40.3M Acquisition Loan For Industrial Property On East 10th Street

436 East 10th Street, New York City, New York 10009, United States

$40,300,000

$435/SF

Building Size

92,470 SF

Asset Type

Industrial

Closing

Jul 13, 2022

About this deal

AI

The Industrial property located at 436 East 10th Street in Alphabet City has been involved in a recent closed transaction. The property spans a total area of 92,470 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $40,300,000
  • Lender: Heitman Capital
  • Landlord: Storage Post

Heitman Capital provided a loan of $40,300,000 for the acquisition of the property. The landlord in this transaction was Storage Post.

The industrial loan at 436 East 10th Street, New York City, New York 10009, United States in New York, New York financed for $40.3M in 2022. The building is 92,470 square feet, implying about 435 per square foot on the published price. This page is the New York, New York file for the 436 East 10th Street, New York City, New York 10009, United States industrial financed: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else financed near 436 East 10th Street, New York City, New York 10009, United States around 2022. Published consideration for 436 East 10th Street, New York City, New York 10009, United States is $40.3M, dated 2022. Cite this Heitman Capital Provides $40.3M Acquisition Loan For Industrial Property On East 10th Street loan when underwriting similar industrial product around New York, New York.

Players

Heitman
HeitmanLender

New York Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $435 per square foot on a published $40.3M for 92,470 square feet (2022).

Browse New York industrial loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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