KKR & Co. Acquires 75% Stake In 30 Hudson Yards Commercial Condo For $508.5M

KKR & Co. has acquired a majority stake in the 30 Hudson Yards observatory deck, known as @EdgeNYC, in a commercial condo sale. The property, located at 30 Hudson Yards, was sold by Stephen Ross and Jeff Blau of Related Companies & Oxford Properties Group. The transaction took place in October 2021 for approximately $508,500,000. KKR purchased a 75% interest in the observatory deck.

Summary of transaction details

• Property Type: Commercial Condo
• Transaction Amount: $508,500,000
• Address: 30 Hudson Yards
• Market: @HudsonYards
• Buyer: KKR & Co.
• Seller: Stephen Ross & Jeff Blau - Related Companies & Oxford Properties Group

Jeff Blau, Stephen Ross, and Henry Kravis were involved in the sale of the 30 Hudson Yards observatory deck. This transaction marks KKR & Co.'s entry into the property, as they acquired a majority stake. The deal represents a significant investment by KKR in the thriving Hudson Yards area.