Bobby Cayre & Jared Epstein Purchase Mixed-Use Property On 675 Hudson Street In NYC For $50M
675 Hudson Street
$45,000,000
$1,125/SF
Building Size
40,000 SF
Asset Type
Mixed-use
Closing
Jan 13, 2023
About this deal
AI
The mixed-use property located at 675 Hudson Street in New York City has been sold in a closed transaction for $50,000,000. Spanning over 40,000 square feet, the property was acquired by Bobby Cayre and Jared Epstein. The seller, David Ellis, completed the deal with the assistance of Brett Siegel from Newmark and Evan Layne, also from Newmark.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $50,000,000
- Square Footage: 40,000
- Address: 675 Hudson Street, New York City
- Market: New York City
Bobby Cayre and Jared Epstein successfully acquired the mixed-use property at 675 Hudson Street. The transaction was facilitated by their brokers, Brett Siegel from Newmark and Evan Layne, also from Newmark.
On the Map
$45,000,000
$1,125/SF
Mixed-use
View full map
Players
New York City Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Brett Siegel to view all their deals.
Browse New York City mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93