Zachary Bornstein Of Olshan Properties Acquires 50% Stake In Condo At 99 Hudson Street For $25M
99 Hudson Street
$25,000,000
Building Size
—
Asset Type
Condo
Closing
Dec 15, 2025
About this deal
AI
At 99 Hudson Street in the Tribeca market, three office condo units were involved in a significant transaction. The seller realized a sale price of $25 million for a 50% stake in these units, which collectively total approximately 101,474 square feet. The purchase price reflects a rate of about $492 per square foot.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $25,000,000
- Address: 99 Hudson Street
- Market: Tribeca
- Stake: 50%
- Buyer: Zachary Bornstein
- Affiliation: Olshan Properties
Olshan Properties acquired their stake through the Olshan Family 2016 GST Exempt Trust. This transaction demonstrates a strategic investment in the desirable Tribeca market, facilitated by Zachary Bornstein.
On the Map
$25,000,000
Condo
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Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93