Updated Mar 11, 2025
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
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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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