Turner Batty & Christine Acquire TriBeCa Condo From Stuart Parr For $17.25M
157 Hudson Street, New York City, New York 10013, United States
$17,250,000
$268/SF
Building Size
64,215 SF
Asset Type
—
Closing
Apr 13, 2022
AI
The transaction that took place on April 14, 2022, involved the sale of a condo located at 157 Hudson Street in the TriBeCa neighborhood of Manhattan. The property is zoned as C6-2A and TMU, allowing for various commercial uses. The condo offers a total building square footage (BSF) of 89,692, with a price per BSF of $192. The total area of the condo is 64,215 square feet, and the price per square foot (PPSF) amounts to $268. The lot size is 14,899, with dimensions of 66.17 feet by 176.42 feet. The previous sale of the property occurred on February 13, 2013, at a price of $9,466,100. The transaction price for this sale was $17,250,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $17,250,000
- Zoning: C6-2A, TMU
- BSF: 89,692
- PPBSF: $192
- SF: 64,215
- PPSF: $268
- Lot Size: 14,899
- Last Sale Price: $9,466,100 (2/13/2013)
- Lot Dimensions: 66.17 ft x 176.42 ft
The buyers of this condo were Turner Batty and Christine, while the seller was Stuart Parr. This transaction represents a significant deal in the real estate market, and the involvement of these individuals adds to its importance.
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93