Zachary Bornstein Of Olshan Properties Acquires Condo From Jon Martin Of AEW Capital Management For $13M
93 Hudson Street
$13,000,000
$537/SF
Building Size
24,193 SF
Asset Type
Condo
Closing
Sep 24, 2025
About this deal
AI
Olshan Properties purchased an office condo at 93 Hudson Street in Tribeca, Manhattan for $13 million. The property spans 24,193 square feet, with a price per square foot of $537.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,000,000
- Buyer: Zachary Bornstein - Olshan Properties
- Seller: Jon Martin - AEW Capital Management
- Market: Tribeca, Manhattan
- Square Footage: 24,193
- Price per Square Foot: $537
Zachary Bornstein represented Olshan Properties in this transaction, while Jon Martin represented AEW Capital Management. The acquisition marks a significant transaction in the Tribeca market, reflecting the ongoing interest in high-value commercial properties in Manhattan.
On the Map
$13,000,000
$537/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93