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30 Hudson Yards, New York, ...

Related Group's 30 Hudson Yards Office Acquired For $1.4B Financing By Deutsche Bank, Goldman Sachs, And Wells Fargo
FINANCEDOffice

Related Group's 30 Hudson Yards Office Acquired For $1.4B Financing By Deutsche Bank, Goldman Sachs, And Wells Fargo

30 Hudson Yards, New York, NY 10001, USA

$490,000,000

$2,463/SF

Building Size

198,898 SF

Asset Type

Office

Closing

Jun 6, 2019

AI

30 Hudson Yards, located in Manhattan, has been involved in a closed property transaction. The office property, owned by the Related Group, has been part of a deal that included lenders such as Deutsche Bank, Goldman Sachs, and Wells Fargo. The loan amount for this transaction reached $1,400,000,000. The brokerage team from Cushman & Wakefield, consisting of Rob Rubano, Steve Kohn, and Alex Hernandez, played a crucial role in facilitating this deal.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,400,000,000
  • Lender: Deutsche Bank, Goldman Sachs, Wells Fargo
  • Landlord: Related Group
  • Brokers: Rob Rubano - Cushman & Wakefield, Steve Kohn - Cushman & Wakefield, Alex Hernandez - Cushman & Wakefield

Matt Borstein, Stephen Ross, Rob Rubano, Jeff Blau, and Steve Kohn were key individuals involved in this property transaction at 30 Hudson Yards. They played vital roles in representing the involved parties and ensuring a successful deal. The lending institutions of Deutsche Bank, Goldman Sachs, and Wells Fargo played a crucial role as well.

Players

Alexander Hernandez

Cushman & Wakefield

Broker

$7.7B

vol

27 deals

Broker
Goldman Sachs
Goldman SachsLender
Related Group
Related GroupLandlord

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93