Olshan Properties Acquires Commercial Condominium In Tribeca For $10.4M
99 Hudson Street, Manhattan, New York, NY, USA
$10,400,000
$843/SF
Building Size
12,328 SF
Asset Type
—
Closing
Dec 19, 2017
About this deal
AI
Located in Tribeca, New York, the commercial condominium at 99 Hudson Street, 14th Floor, was recently sold for a price of $10,400,000. The property spans across 12,328 square feet, resulting in a price per square foot of $843. This transaction took place on December 20, 2017.
Summary of transation details
- Property Type: Commercial Condominium
- Transaction Amount: $10,400,000
- Address: 99 Hudson Street - 14th Floor, New York
- Market: Tribeca
- Seller: Latino Justice PRLDEF
- Buyer: Olshan Properties
- Broker: CBRE - Daniel Kaplan
CBRE's Daniel Kaplan represented Olshan Properties in this transaction.
On the Map
$10,400,000
$843/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93