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210 Hudson Street, Jersey C...

Collectors Holdings Leases 130,000 SF Office In Jersey City At 210 Hudson Street With Tenant's Rep Zev Holzman & Christopher Marx - Savills
LEASEDOffice

Collectors Holdings Leases 130,000 SF Office In Jersey City At 210 Hudson Street With Tenant's Rep Zev Holzman & Christopher Marx - Savills

210 Hudson Street, Jersey City, New Jersey 07302, United States

Building Size

130,000 SF

Asset Type

Office

Closing

Feb 23, 2022

AI

An office space located at 210 Hudson Street in Jersey City has been leased. The property spans over 130,000 square feet and is owned by Veris Residential Inc. The lease transaction involves the tenant, Collectors Holdings, represented by Nat Turner. The landlord's representative in this deal is CBRE, while the tenant is represented by Zev Holzman and Christopher Marx from Savills. The lease is long-term in nature.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not Provided
  • Address: 210 Hudson Street, Jersey City
  • Market: Jersey City
  • Square Footage: 130,000
  • Landlord: Veris Residential Inc.
  • Tenant: Collectors Holdings - Nat Turner
  • Landlord's Representative: CBRE
  • Tenant's Representative: Zev Holzman & Christopher Marx - Savills

The lease transaction involved key individuals such as Nat Turner as the tenant representative for Collectors Holdings. Zev Holzman and Christopher Marx from Savills represented the tenant in the deal. The landlord's representative was CBRE. The lease agreement is long-term.

Players

Zev Holzman

Savills

Broker

6 deals

Broker

Gloucester City Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93