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
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