Shlomi Avdoo And Jonathan Lavian Acquire Development Site In Hudson Square For $63M
68 King Street
$63,000,000
$500/SF
Building Size
125,900 SF
Asset Type
Development Site
Closing
Dec 28, 2025
AI
The property involved in this transaction is a development site located at 68-76 King Street in Hudson Square, Manhattan. The sale price was $63,000,000, and the total square footage of the site is 125,900, which corresponds to a price per square foot of $500.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $63,000,000
- Address: 68-76 King Street
- Market: Hudson Square, Manhattan
- Square Footage: 125,900
- Price Per Square Foot: $500
- Buyer: Shlomi Avdoo & Jonathan Lavian - Avdoo
- Brokers: Brandon Polakoff, James Nelson & Charles Kingsley - Avison Young
Shlomi Avdoo and Jonathan Lavian were the buyers of the property, representing themselves in this transaction. The brokerage team from Avison Young, consisting of Brandon Polakoff, James Nelson, and Charles Kingsley, facilitated the transaction on behalf of the involved parties.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93