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15 Hudson Yards, New York C...

Related/Oxford Sell Hudson Yards Condo To LK Team's Lesser & Kantha For $9.5M
SOLD

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

Matthew Lesser

Leslie Garfield

Broker

$579.5M

vol

40 deals

Broker
Oxford Properties Group
Oxford Properties GroupBrokerage
Oxford Properties Group
Oxford Properties GroupSeller

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