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225 West 39th Street

Sami Souid Purchases Industrial Property On 225 West 39th Street For $22.2M
SOLDIndustrial

Sami Souid Purchases Industrial Property On 225 West 39th Street For $22.2M

225 West 39th Street

$2,220,000

$25/SF

Building Size

88,100 SF

Asset Type

Industrial

Closing

Mar 14, 2024

AI

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.

Players

Jeff Winick

RTL Real Estate

Broker

$2.2M

vol

10 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

7.15%

Cash-on-Cash

-2.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93