JD Cohen Of Cohen Capital MGMT And Ariel Harwood Of Salamon Acquisitions Acquire Office In Manhattan For $9M
242 West 38th Street
$9,000,000
$188/SF
Building Size
47,661 SF
Asset Type
Office
Closing
May 6, 2026
About this deal
AI
The transaction involved an office asset located at 242 West 38th Street in the Manhattan market. The sale price for the property was $9,000,000, comprising a total square footage of 47,661, which translates to a price per square foot of $188.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,000,000
- Address: 242 West 38th Street
- Market: Manhattan
- Square Footage: 47,661
- Price Per Square Foot: $188
- Buyer: JD Cohen - Cohen Capital MGMT
- Buyer: Ariel Harwood - Salamon Acquisitions
- Seller: ID Real Estate Partners
JD Cohen and Ariel Harwood represent their respective companies in this successful acquisition, emphasizing their active interest in future office acquisition opportunities. JD Cohen can be contacted at 203-858-6375 for discussions on potential transactions.
On the Map
$9,000,000
$188/SF
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93