Updated Oct 29, 2024
Penn South Capital Acquires Industrial Property In West Village For $27.3M
39 Clarkson St, New York, NY 10014, USA
$27,300,000
$91/SF
Building Size
299,670 SF
Asset Type
Industrial
Closing
Dec 11, 2019
About this deal
AI
A transaction for an industrial property in the West Village of New York City has been completed. The property, located at 39 Clarkson Street, encompasses a total area of 29,967 square feet. The transaction involved the transfer of ownership from Michelle Goldstein and LTN Capital Group to the buyer, Penn South Capital, represented by Parag Sawhney and Raymond Chera. The sale price for the property was $27,300,000, resulting in a price per square foot of $909.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $27,300,000
- Square Footage: 29,967
- Address: 39 Clarkson Street
- Market: West Village
The lender for this transaction was SG Capital Partners LLC. Penn South Capital, represented by Parag Sawhney and Raymond Chera, acted as the buyer and borrower. The sellers were Michelle Goldstein and LTN Capital Group. No additional details pertaining to the transaction are available.
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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93