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10 East 33rd Street

Han 533 Acquires Midtown South Office Buildings From Daniel Wrublin And Paul Marcus For $27.5M
Office

Han 533 Acquires Midtown South Office Buildings From Daniel Wrublin And Paul Marcus For $27.5M

10 East 33rd Street & 12 East 33rd Street

Building Size

Asset Type

Office

Closing

Apr 16, 2025

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.

Players

Paul Marcus

Marcus Partners

Seller

$191.3M

vol

8 deals

Seller

New York Office Market Snapshot

Boundary boundary · Office · All transaction types transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93