Jack Ezon & Sion Betesh Of Silver One International & Blue Star Clothing Acquire Office Building At 44 West 37th Street In Garment District For $49M
44 West 37th Street, Manhattan, New York, NY, USA
$49,000,000
$1,137/SF
Building Size
43,094 SF
Asset Type
Office
Closing
Oct 25, 2021
About this deal
AI
The office property located at 44 West 37th Street in the Garment District has been sold in a closed transaction. The property features a total square footage of 43,094 and is zoned for M1-6 use. The sale was facilitated by broker Soly Halabi from Venture Capital Properties. The transaction took place on October 26, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $49,000,000
- Address: 44 West 37th Street
- Market: Garment District
- Square Footage: 43,094
- Zoning: M1-6
The buyers in this transaction were Jack Ezon and Sion Betesh, representing Silver One International and Blue Star Clothing respectively. On the other hand, the sellers were Ray and Jack Yadidi. Soly Halabi, from Venture Capital Properties, served as the broker in this deal. The price per square foot for the property was $1,137.
On the Map
$49,000,000
$1,137/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93