A Mixed-use Asset From Hudson Cos Sold For $20M In New York City
315 Meserole Street
$20,000,000
$200/SF
Building Size
100,000 SF
Asset Type
Mixed-use
Closing
Mar 18, 2025
AI
The property involved in this transaction is a mixed-use asset located at 315 Meserole Street in New York City. The transaction, which took place on March 18, 2025, was finalized at a price of $20,000,000.00, and the property encompasses a total area of 100,000 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $20,000,000.00
- Address: 315 Meserole Street
- Market: New York City
- Buyer: Volmar Construction
- Seller: Hudson Cos
- Square Footage: 100,000.0
Volmar Construction acted as the buyer in this transaction, while Hudson Cos served as the seller. The deal was executed in a competitive market environment, each representing their respective interests in the finalization of the agreement.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93