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450 Hudson St, New York, NY...

Mattone Hudson Leases 750 Square Feet At 450 Hudson St New York From Lowell Associates
LEASEDMultiFamily

Mattone Hudson Leases 750 Square Feet At 450 Hudson St New York From Lowell Associates

450 Hudson St, New York, NY, 10014

Building Size

750 SF

Asset Type

MultiFamily

Closing

Nov 19, 2023

AI

The property involved in this transaction is located at 450 Hudson St, New York, NY, 10014. It consists of 750 square feet and is situated in the New York market. The landlord for this property is Lowell Associates.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 450 Hudson St, New York, NY, 10014
  • Square Feet: 750
  • Landlord's Representative: Mark Tergersen, Dean Valentino - ABS Partners Real Estate
  • Tenant: Mattone Hudson

This transaction highlights the collaboration between the involved parties, particularly with Mark Tergersen and Dean Valentino representing the landlord Lowell Associates. The tenant, Mattone Hudson, has secured the lease in this transaction, demonstrating their commitment to the property at the specified location.

Players

Mark Tergesen

ABS Partners Real Estate

Broker

$4.3M

vol

15 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · 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