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101 Hudson Street

Equity Raised For 1.3M SF Office Building At 101 Hudson Street In Jersey City, NJ
FINANCEDOffice

Equity Raised For 1.3M SF Office Building At 101 Hudson Street In Jersey City, NJ

101 Hudson Street

$20,000,000

$16/SF

Building Size

1,246,283 SF

Asset Type

Office

Closing

Oct 10, 2022

AI

Located at 101 Hudson Street in Jersey City, NJ, this 1,347,000 square foot office property was recently involved in a closed transaction. The equity raised for this deal amounted to $20,000,000. The transaction involved Bushburg and The Birch Group, with Mark Meisner representing the landlords. Steven Vegh and Phil Goldstein of Westwood Realty Associates served as the brokers for this deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $20,000,000
  • Address: 101 Hudson Street
  • Market: Jersey City, NJ
  • Square Footage: 1,347,000 SF
  • Landlord: Bushburg & The Birch Group - Mark Meisner
  • Brokers: Steven Vegh & Phil Goldstein - Westwood Realty Associates

This transaction showcases the collaboration between Bushburg, The Birch Group, and their representative, Mark Meisner. Additionally, Steven Vegh and Phil Goldstein acted as the brokers for this office property deal, representing the interests of the involved parties.

Players

Steven Vegh

Westwood Realty Associates

Broker

$2.5B

vol

68 deals

Broker
The Birch Group
The Birch GroupLandlord

Jersey City Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93