Sami Souid Purchases Industrial Property On 225 West 39th Street For $22.2M
SOLD
$2,220,000
New York
See Similar DealsIndustrial88,100 SF
Sold 03/14/2024
SOLD
Sami Souid Purchases Industrial Property On 225 West 39th Street For $22.2M
225 West 39th Street
See Similar DealsIndustrial88,100 SF
Sold 03/14/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$25
Total Square Footage:88,100 SF
Transaction Type:Sale
Located in Midtown South, Manhattan, the industrial property at 225 West 39th Street has been sold for $22,200,000. The asset spans 88,100 square feet, resulting in a price per square foot of $252.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,200,000
- Address: 225 West 39th Street
- Market: Midtown South, Manhattan
Jeff Winick and Sami Souid initiated the sale of the property, with Sami Souid acquiring it from David Berley of Walter & Samuels. Ross Burack from Winick Realty Group represented the seller, David Berley, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$118,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,887.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,523.93
Annual Debt Service$126,287.19
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