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George D. Yancopoulos Of GLT Hudson Holdings Purchases Office And Retail Units In Tribeca For $11.8M
SOLD
$11,800,000
New York
See Similar DealsCondo
Sold 04/17/2025
SOLD
George D. Yancopoulos Of GLT Hudson Holdings Purchases Office And Retail Units In Tribeca For $11.8M
50 Hudson Street
See Similar DealsCondo
Sold 04/17/2025
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
The asset involved in this transaction consists of office and retail condo units located at 50 Hudson Street in the Tribeca market of Manhattan. George D. Yancopoulos of GLT Hudson Holdings acquired the property for a total price of $11,800,000.
Summary of transaction details:
- Property Type: Office & Retail
- Transaction Amount: $11,800,000
- Buyer: George D. Yancopoulos
- Buyer's Company: GLT Hudson Holdings
- Seller: Eric Schlagman
This transaction highlights the involvement of George D. Yancopoulos, who represents GLT Hudson Holdings in this purchase, marking a significant addition to the company’s portfolio in a prime location. Eric Schlagman serves as the seller in this deal.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$629,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,922.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,938.02
Annual Debt Service$671,256.24
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