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124 Hudson St, New York, NY...

Marx Realty & Improvement Co Acquires Property At 124 Hudson St For $15M With Broker Rep Itanel Rahmani
SOLDCommercial

Marx Realty & Improvement Co Acquires Property At 124 Hudson St For $15M With Broker Rep Itanel Rahmani

124 Hudson St, New York, NY, 10013

$15,000,000

$1,304/SF

Building Size

11,500 SF

Asset Type

Commercial

Closing

Oct 12, 2017

AI

The property involved in this transaction is located at 124 Hudson St, New York, NY, 10013, with a total square footage of 11,500. The sale price was $15,000,000.00, reflecting its market value in the New York area.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $15,000,000.00
  • Address: 124 Hudson St, New York, NY, 10013
  • Market: New York
  • Square Footage: 11,500
  • Buyer: Marx Realty & Improvement Co
  • Seller: Time Equities
  • Buyer's Representative: Itanel (Itan) Rahmani & Jeremy Nazarian - Venture Capital Properties
  • Seller's Representative: Hy Schermer - Time Equities

This transaction highlights key individuals and companies such as the buyer, Marx Realty & Improvement Co, and the seller, Time Equities, showcasing the roles played by their respective representatives throughout the deal process.

Players

Jeremy Nazarian

Venture Capital Properties

Broker

$142M

vol

4 deals

Broker
Marx Realty
Marx RealtyBrokerage
Time Equities
Time EquitiesBrokerage
Time Equities
Time EquitiesSeller

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93