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
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