Updated Jul 16, 2025
ZD Jasper Realty Acquires Far West Side Industrial Asset For $51.7M
430 East 37th Street, New York City, New York 10016, United States
$51,700,000
Building Size
—
Asset Type
Industrial
Closing
Mar 28, 2022
About this deal
AI
Three industrial properties located at 430 West 37th Street, 434 West 37th Street, and 429 West 36th Street in the Far West Side neighborhood have been sold for a total price of $51,700,000. The buyer, ZD Jasper Realty represented by Tom Wu, acquired these assets from Extell Development, led by Gary Barnett.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $51,700,000
- Address: 430 West 37th Street, 434 West 37th Street, 429 West 36th Street
- Market: Far West Side
Tom Wu, representing ZD Jasper Realty, completed the purchase of these industrial properties from Extell Development. The sale, finalized on March 29, 2022, involved the assets located at 430 West 37th Street, 434 West 37th Street, and 429 West 36th Street in the Far West Side market.
On the Map
$51,700,000
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93