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.
On the Map
$18,100,000
$947/SF
Industrial
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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