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675 Hudson Street

Bobby Cayre & Jared Epstein Purchase Mixed-Use Property On 675 Hudson Street In NYC For $50M
SOLDMixed-use

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

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.

Players

Brett Siegel

Newmark

Broker

$6.4B

vol

76 deals

Broker
Bobby Cayre

Bobby Cayre

Aurora Capital Associates

Buyer

$981.4M

vol

12 deals

Buyer

New York City 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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93