Russ & Daughters Opens New 4,500-Square-Foot Location At Hudson Yards
502 West 34th Street Hudson Yards
Building Size
4,500 SF
Asset Type
Mixed-use
Closing
Jul 18, 2023
About this deal
AI
Russ & Daughters, the iconic eatery, has opened a new 4,500-square-foot location at Hudson Yards in New York. The store is situated at 502 West 34th Street, in the bustling Hudson Yards market. The mixed-use property provides a versatile space for Russ & Daughters to continue serving its renowned culinary offerings.
Summary of transaction details
- Property Type: Mixed-use
- Square Footage: 4,500
- Address: 502 West 34th Street
- Market: Hudson Yards
The Related Cos, a prominent real estate firm, serves as the landlord for the new Russ & Daughters location. On the other side of the deal, Niki Russ Federman represents Russ & Daughters as their tenant's representative, ensuring their interests are protected throughout the leasing process.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93