Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,220,000
$25/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
7.15%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93