Updated Nov 28, 2024
Thor Equities Acquires Industrial Property In Paulus Hook, Jersey City For $94.5M
95 Greene St, New York, NY 10012, USA
$94,500,000
$27/SF
Building Size
3,400,000 SF
Asset Type
Industrial
Closing
Mar 7, 2020
About this deal
AI
Thor Equities has acquired an industrial property located at 95 Greene Street in Paulus Hook, Jersey City for a total price of $94,500,000. The property spans 340,000 square feet, resulting in a price per square foot of $277. The seller of the property is SJP Properties, represented by Steve Pozycki.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $94,500,000
- Square Footage: 340,000
- Price per Square Foot: $277
- Address: 95 Greene Street, Paulus Hook, Jersey City
- Buyer: Thor Equities
- Seller: SJP Properties - Steve Pozycki
It is worth noting that Thor Equities has plans to transform the property into a life science campus.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93