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242 West 38th Street

JD Cohen Of Cohen Capital MGMT And Ariel Harwood Of Salamon Acquisitions Acquire Office In Manhattan For $9M
SOLDOffice

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

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.

Players

JD Cohen

Buyer

$14.8M

vol

13 deals

Buyer

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