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68 King Street

Shlomi Avdoo And Jonathan Lavian Acquire Development Site In Hudson Square For $63M
SOLDDevelopment Site

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:

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

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker
Avison Young
Avison YoungBrokerage

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