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131 W 33rd St, New York, NY...

Construction & General Building Laborers’ Local 79 Buys Industrial Property In New York
SOLDIndustrial

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

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

Michael Heller

Broker

$75.7M

vol

3 deals

Broker

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