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430 East 37th Street, New Y...

ZD Jasper Realty Acquires Far West Side Industrial Asset For $51.7M
SOLDIndustrial

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

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.

Players

Tom Wu

ZD Jasper

Buyer

$294.4M

vol

5 deals

Buyer

Gary Barnett

EXTELL

Seller

$8.3B

vol

59 deals

Seller

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