David Werner Acquires Office Tower At 440 Ninth Avenue From Paul E. Pariser And Bill Huffman For $100M
440 Ninth Avenue
$100,000,000
Building Size
—
Asset Type
Office
Closing
Aug 21, 2025
About this deal
AI
An 18-story office tower located at 440 Ninth Avenue, in the Hudson Yards market of Manhattan, has been sold. The asset was transacted for a price of $100,000,000, significantly lower than its previous purchase price of $269 million in 2018. This sale occurred as a short-sale transaction to investor David Werner.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $100,000,000
- Buyer: David Werner
- Seller: Paul E. Pariser - Taconic Investment Partners & Bill Huffman - Nuveen Real Estate
Paul E. Pariser represents Taconic Investment Partners while Bill Huffman represents Nuveen Real Estate in this transaction. The involvement of these companies highlights the engagement of established entities in the real estate market.
On the Map
$100,000,000
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93