Updated Oct 29, 2024
Construction & General Building Laborers’ Local 79 Buys Industrial Property In New York
131 W 33rd St, New York, NY, 10001
$18,100,000
$947/SF
Building Size
19,105 SF
Asset Type
Industrial
Closing
Mar 20, 2018
About this deal
AI
The industrial property located at 131 W 33rd St, New York, NY, 10001 in the New York market was sold on March 20, 2018. The property, spanning 19,105 square feet, was acquired by Construction & General Building Laborers’ Local 79 from the seller, Progressive Credit Union, for a total price of $18,100,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,100,000.00
- Address: 131 W 33rd St, New York, NY, 10001
- Market: New York
- Buyer: Construction & General Building Laborers’ Local 79
- Seller: Progressive Credit Union
The buyer's representative for this transaction was Robert Eisenberg, while the seller was represented by Michael Heller and Michael Rudder from Rudder Property Group.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93