Cushman & Wakefield Sells Development Site On Hudson Street For $5.95M
285 Hudson St New York, NY 10013, USA
$5,950,000
$971/SF
Building Size
6,125 SF
Asset Type
Development Site
Closing
Jun 28, 2023
AI
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.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93