Daily limit: 0/10
David Werner Acquires Office Tower At 440 Ninth Avenue From Paul E. Pariser And Bill Huffman For $100M
SOLD
$100,000,000
New York
See Similar DealsOffice
Sold 08/21/2025
SOLD
David Werner Acquires Office Tower At 440 Ninth Avenue From Paul E. Pariser And Bill Huffman For $100M
440 Ninth Avenue
See Similar DealsOffice
Sold 08/21/2025
Summary
NEW YORK
Asset Type:Office
Transaction Type:Sale
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.
Players
SELLER
Details
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,333,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$355,278.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$474,051.02
Annual Debt Service$5,688,612.21
Is there something missing? Send suggestions