facebook
Traded Co logo
Submit

Jerry Tang And Matthew Feast Acquire Mixed-use Asset At 303 West 42nd Street For $62M

Property Image
SOLD
$62,000,000

New York

See Similar Deals
Mixed-use288,000 SF
Sold 08/08/2025
the dealplayerscompscontact
Property Image
SOLD

Jerry Tang And Matthew Feast Acquire Mixed-use Asset At 303 West 42nd Street For $62M

303 West 42nd Street & 300 West 43rd Street

See Similar Deals
Mixed-use288,000 SF
Sold 08/08/2025
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$215
Total Square Footage:288,000 SF
Transaction Type:Sale

The asset involved in the transaction is a mixed-use property located at 303 West 42nd Street & 300 West 43rd Street in Manhattan. It was sold for a total transaction amount of $62,000,000, encompassing approximately 144,000 square feet, resulting in a price per square foot of $430.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $62,000,000
  • Address: 303 West 42nd Street & 300 West 43rd Street
  • Market: Manhattan
  • Square Footage: 144,000
  • Price per Square Foot: $430
  • Buyer: Jerry Tang & Matthew Feast
  • Seller: Blake Partners, The Strauss Group & JAM Real Estate - Jared Pinchasick & Gary Podell
  • Broker: Philip Katz - Katz NYC

Philip Katz of Katz NYC represented both the buyers, Jerry Tang and Matthew Feast, as well as the sellers, Blake Partners, The Strauss Group, and JAM Real Estate in this off-market transaction.

Players

2 deals$62M volume(917) 804-0174
BROKER


JAM Real Estate Partners
SELLER

Details

SOLD
IMAGE: Matthew Feast, Jerry Tang, Philip Katz, Gary Podell & Jared Pinchasick DATE: 8/8/2025 ADDRESS: 303 West 42nd Street & 300 West 43rd Street MARKET: Manhattan ASSET TYPE: Mixed-use BUYER: Jerry Tang & Matthew Feast SELLER: Blake Partners, The Strauss Group & JAM Real Estate - Jared Pinchasick & Gary Podell BROKERS: Philip Katz (@Philipakatz) - Katz NYC SALE PRICE: $62,000,000 SF: 144,000 ~ PPSF: $430 NOTE FROM BROKER: Philip Katz of Katz NYC represented both the buyers and sellers in the off market transaction. Looking to buy or sell in NYC contact Phil Katz - [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$220,272.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$293,911.63
Annual Debt Service$3,526,939.57