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A Mixed-use Asset From Hudson Cos Sold For $20M In New York City
SOLD
$20,000,000
New York
See Similar DealsMixed-use100,000 SF
Sold 03/18/2025
SOLD
A Mixed-use Asset From Hudson Cos Sold For $20M In New York City
315 Meserole Street
See Similar DealsMixed-use100,000 SF
Sold 03/18/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$200
Total Square Footage:100,000 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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