George D. Yancopoulos Of GLT Hudson Holdings Purchases Office And Retail Units In Tribeca For $11.8M
50 Hudson Street
$11,800,000
Building Size
—
Asset Type
Condo
Closing
Apr 17, 2025
About this deal
AI
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
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93