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
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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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