Bob Lai Sells Development Site At 350 West 38th Street In Hudson Yards For $11M
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Bob Lai Sells Development Site At 350 West 38th Street In Hudson Yards For $11M
350 West 38th Street
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Transaction Type:Sale
The property asset involved in this transaction is a development site located at 350 West 38th Street in the Hudson Yards market. The sale price was $11,000,000, covering a total square footage of 29,628, which results in a price per square foot of $371.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Address: 350 West 38th Street
- Market: Hudson Yards
- Square Footage: 29,628
- Price Per Square Foot: $371
- Seller: Bob Lai
- Broker: Andrew Jacobs - Colliers
This transaction highlights the involvement of broker Andrew Jacobs, who represented the seller, Bob Lai, in this deal. Colliers was the brokerage firm facilitating this transaction, contributing to the successful sale of the development site.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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