facebook
Traded Co logo
Submit
Daily limit: 0/10

David Werner Real Estate Investments Acquires 440 Ninth Avenue Office Building For $105M In Manhattan

Property Image
SOLD
$105,000,000
Mike Sales
Charles R. Bendit
+ 1

New York

See Similar Deals
Office342,596 SF
Sold 08/20/2025
the dealplayerscompscontact
Property Image
SOLD

David Werner Real Estate Investments Acquires 440 Ninth Avenue Office Building For $105M In Manhattan

440 Ninth Avenue

See Similar Deals
Office342,596 SF
Sold 08/20/2025
Mike Sales
Charles R. Bendit
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$306
Total Square Footage:342,596 SF
Transaction Type:Sale

The office building located at 440 Ninth Avenue in Manhattan’s Garment District has been sold for $105 million. This property spans 342,596 square feet, resulting in a price per square foot of $306.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $105,000,000
  • Square Footage: 342,596
  • Price Per Square Foot: $306
  • Buyer: David Werner - David Werner Real Estate Investments
  • Seller: Charles R. Bendit & Paul E. Pariser - Taconic Partners; Mike Sales - Nuveen Real Estate
  • Market: Garment District, Manhattan

The transaction was facilitated by David Werner Real Estate Investments as the buyer, acquiring the property from Taconic Partners and Nuveen Real Estate, represented by Charles R. Bendit, Paul E. Pariser, and Mike Sales.

Players

18 deals$2.2B volume
BUYER


Charles R. Bendit
Taconic Partners
4 deals$192.2M volume
SELLER

Paul E. Pariser
Taconic Partners
5 deals$292.2M volume
SELLER

Taconic Partners
SELLER

Details

SOLD
IMAGE: Charles R. Bendit, Paul E. Pariser & Mike Sales DATE: 08/20/2025 ADDRESS: 440 Ninth Avenue MARKET: Garment District, Manhattan ASSET TYPE: Office BUYER: David Werner - David Werner Real Estate Investments SELLER: Charles R. Bendit & Paul E. Pariser - Taconic Partners; Mike Sales - Nuveen Real Estate (@Nuveeninv) SALE PRICE: $105,000,000 SF: 342,596 ~ PPSF: $306 NOTE: David Werner Real Estate Investments bought the 342,596-square-foot office building at 440 Ninth Avenue in Manhattan’s Garment District for $105 million, or $306 per square foot, from Taconic Partners and Nuveen Real Estate.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,599,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$373,042.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$497,753.57
Annual Debt Service$5,973,042.82