Jeff T. Blau Of Related Companies Refinances 30 Hudson Yards Condo With $421.5M Bank Of America Loan
30 Hudson Yards
$421,500,000
$2,353/SF
Building Size
179,078 SF
Asset Type
Condo
Closing
Aug 20, 2026
About this deal
AI
The asset involved in this transaction is a commercial condo situated at 30 Hudson Yards in Manhattan, characterized by a square footage of 179,078. The property was refinanced through Hudson Yards North Tower Tenant LLC with a loan amount of $421,500,000 from Bank of America. The refinancing reflects an increase from the previous loan amount of $400 million.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $421,500,000
- Address: 30 Hudson Yards
- Market: Hudson Yards, Manhattan
- Lender: Bank of America
- Landlord: Jeff T. Blau - Related Companies
- Loan Type: Refinance
The refinancing transaction was notably led by Jeff T. Blau, who represents Related Companies in this financial deal, demonstrating the company's active management within the Hudson Yards development area.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93