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95 Greene St, New York, NY ...

Updated Nov 28, 2024

Thor Equities Acquires Industrial Property In Paulus Hook, Jersey City For $94.5M
SOLDIndustrial

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.

On the Map

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$94,500,000

$27/SF

Industrial

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Players

Thor Equities
Thor EquitiesBuyer
SJP Properties
SJP PropertiesSeller
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New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $27 per square foot on a published $94.5M for 3,400,000 square feet (2020).

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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

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