Cushman & Wakefield Sells Development Site On Hudson Street For $5.95M
SOLD
$5,950,000
+ 2
New York
See Similar DealsDevelopment Site6,125 SF
Sold 06/28/2023
SOLD
Cushman & Wakefield Sells Development Site On Hudson Street For $5.95M
285 Hudson St New York, NY 10013, USA
See Similar DealsDevelopment Site6,125 SF
Sold 06/28/2023
+ 2
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$971
Total Square Footage:6,125 SF
Transaction Type:Sale
The Rice Family has sold a development site located at 285 Hudson Street in New York City. The property spans a total of 6,125 square feet and was sold for a price of $5,950,000, resulting in a price per square foot of $971.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,950,000
- SF: 6,125
- PPSF: $971
- Address: 285 Hudson Street, New York City
- Market: New York City
The sale of this property was facilitated by the brokers Will Conrad, Bobby Carrozzo, Robert Burton, Michael Gembecki, and Sanjana Reddy from Cushman & Wakefield.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,139.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,206.04
Annual Debt Service$338,472.43
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