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145 Hudson Street, New York...

Updated Dec 21, 2023

William Holodnak Acquires TriBeCa Commercial Property For $4.5M From Frederic M. Poses
SOLDCommercial

William Holodnak Acquires TriBeCa Commercial Property For $4.5M From Frederic M. Poses

145 Hudson Street, New York City, New York 10013, United States

$10,700,000

$167/SF

Building Size

63,843 SF

Asset Type

Commercial

Closing

Jan 27, 2022

About this deal

AI

The commercial property located at 145 Hudson Street in the TriBeCa neighborhood of Manhattan has been sold for $4,500,000. The property has a building square footage (BSF) of 38,501 and a price per BSF (PPBSF) of $116. The total square footage (SF) of the property is 63,843, with a price per square foot (PPSF) of $70. The lot size is 10,849 square feet, with dimensions of 142.75 ft x 76 ft. The property is zoned as C1-2 under the commercial zoning regulations.

Summary of transaction details

  • Property Type: Commercial
  • Transaction Amount: $4,500,000
  • Market: TriBeCa, Manhattan
  • Buyer: William Holodnak
  • Seller: Frederic M. Poses
  • BSF: 38,501
  • PPBSF: $116
  • SF: 63,843
  • PPSF: $70
  • FAR: 5.69
  • Lot Size: 10,849
  • Last Sale Price: $3,250,000 (09/19/2012)
  • Permits: Alteration (03/17/2022)
  • Lot Dimension: 142.75 ft x 76 ft

In this transaction, William Holodnak acquired the property from Frederic M. Poses. The property was previously sold for $3,250,000 on September 19, 2012. An alteration permit was issued for the property on March 17, 2022. The transaction represents a significant investment in the commercial real estate market in TriBeCa, Manhattan.

Players

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $167 per square foot on a published $10.7M for 63,843 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.48%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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