Related/Oxford Sell Hudson Yards Condo To LK Team's Lesser & Kantha For $9.5M
15 Hudson Yards, New York City, New York 10001, United States
$9,454,250
$3,013/SF
Building Size
3,137 SF
Asset Type
—
Closing
Mar 8, 2022
AI
15 Hudson Yards, located in Hudson Yards, has been sold in a recent transaction. The property is a condo with a total area of 3,137 square feet. The sale price for this asset was $9,454,250, resulting in a price per square foot of $3,013. The transaction took place on March 9, 2022.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,454,250
- Square Footage: 3,137
- Address: 15 Hudson Yards, Hudson Yards
In this sale, The Related Companies L.P. & Oxford Properties Group Inc acted as the sellers. The buyer was represented by Matthew Lesser and Ravi Kantha from the LK Team at Leslie J. Garfield & Co. Sherry Tobak represented the sellers. It is worth noting that the LK Team represents the buyer in this deal.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93