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101 Hudson Street

Updated Oct 28, 2024

SOLDOffice

The Birch Group, Bushburg, And 2020 Vision Group Acquire Office Building In Jersey City For $346M

101 Hudson Street

$346,000,000

$256/SF

Building Size

1,347,712 SF

Asset Type

Office

Closing

Oct 7, 2022

About this deal

AI

An office property located at 101 Hudson Street in Jersey City has been sold in a recent transaction. The sale, facilitated by Cushman & Wakefield, involved the buyer, The Birch Group represented by Mark Meisner, Bushburg represented by Avi Glikman, and 2020 Vision Group. The seller of the property was Veris Residential. The transaction was closed for a total sale price of $346,000,000. The office space has a total area of 1,347,712 square feet, resulting in a price per square foot of $257.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $346,000,000
  • Address: 101 Hudson Street, Jersey City
  • Buyer: The Birch Group - Mark Meisner, Bushburg - Avi Glikman, and 2020 Vision Group
  • Seller: Veris Residential
  • Broker: Cushman & Wakefield
  • Square Feet: 1,347,712
  • Price Per Square Foot: $257

The Birch Group, represented by Mark Meisner, Bushburg, represented by Avi Glikman, and 2020 Vision Group were the key players in this property transaction. Additionally, Cushman & Wakefield served as the broker for this deal, facilitating the sale between the buyer and seller.

Players

VR
Veris ResidentialSeller

Jersey City Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $256 per square foot on a published $346M for 1,347,712 square feet (2022).

Browse Jersey City office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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