Updated Aug 31, 2025
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
About this deal
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