Han 533 Acquires Midtown South Office Buildings From Daniel Wrublin And Paul Marcus For $27.5M
10 East 33rd Street & 12 East 33rd Street
$27,500,000
Building Size
—
Asset Type
Office
Closing
Apr 16, 2025
About this deal
AI
The asset involved in the transaction includes office buildings located at 10 East 33rd Street and 12 East 33rd Street, situated in the Midtown South market. The sale was completed for $27,500,000, which reflects a significant reduction compared to the $54,500,000 paid for the properties in 2018.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $27,500,000
- Buyer: Han 533
- Seller: Daniel Wrublin - Dalan Management & Paul Marcus - Marcus Partners
- Date of Transaction: 04/16/2025
The transaction involved key individuals including Ayush Kapahi, Daniel Wrublin, Andrew Wrublin, and Paul Marcus, who played significant roles in the deal. The sellers, Dalan Management and Marcus Partners, successfully negotiated the sale of the Midtown South office buildings.
On the Map
$27,500,000
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93