Richard Born Of BD Hotels Acquires Police Station At 524 West 42nd Street For $10M
524 West 42nd Street
$10,000,000
$514/SF
Building Size
19,420 SF
Asset Type
Other
Closing
Jun 24, 2026
About this deal
AI
The property asset involved in this transaction is a police station located at 524 West 42nd Street in Manhattan. The transaction amounts to $10,000,000 for a total area of 19,420 square feet, resulting in a price per square foot of $515.
Summary of transaction details:
- Property Type: Police Station
- Transaction Amount: $10,000,000
- Address: 524 West 42nd Street
- Market: Manhattan
- Square Footage: 19,420
- Price Per Square Foot: $515
- Buyer: Richard Born - BD Hotels
- Seller: Brett Haber
- Transaction Date: June 24, 2026
Richard Born of BD Hotels was the buyer in this transaction, acquiring the police station property from seller Brett Haber. This deal highlights the involvement of notable individuals in the real estate arena, reflecting a strategic move in the Manhattan market.
On the Map
$10,000,000
$514/SF
Other
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Players
New York Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93