Updated Dec 21, 2023
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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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