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157 Hudson Street, New York...

Turner Batty & Christine Acquire TriBeCa Condo From Stuart Parr For $17.25M
SOLD

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

Stuart Parr

Seller

$34.5M

vol

2 deals

Seller

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