Construction & General Building Laborers’ Local 79 Buys Industrial Property In New York
SOLD
$18,100,000
New York
See Similar DealsIndustrial19,105 SF
Sold 03/20/2018
SOLD
Construction & General Building Laborers’ Local 79 Buys Industrial Property In New York
131 W 33rd St, New York, NY, 10001
See Similar DealsIndustrial19,105 SF
Sold 03/20/2018
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$947
Total Square Footage:19,105 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$965,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,305.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,803.23
Annual Debt Service$1,029,638.81
Is there something missing? Send suggestions