Olshan Properties Acquires Commercial Condominium In Tribeca For $10.4M
SOLD
$10,400,000
New York
See Similar Deals12,328 SF
Sold 12/20/2017
SOLD
Olshan Properties Acquires Commercial Condominium In Tribeca For $10.4M
99 Hudson Street, Manhattan, New York, NY, USA
See Similar Deals12,328 SF
Sold 12/20/2017
Summary
NEW YORK
Price Per Square Foot:$843
Total Square Footage:12,328 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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