Carlyle Group Refinances And Acquires Office Property At 30 Hudson Yards In Chelsea For $391M
30 Hudson Yards, Manhattan, New York, NY, USA
$391,092,921
$4,605/SF
Building Size
84,916 SF
Asset Type
Office
Closing
Sep 29, 2021
About this deal
AI
Located in Chelsea, the property involved in this closed transaction is an office building spanning 84,916 square feet. The address of the property is 30 Hudson Yards.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $391,092,921
- Market: Chelsea
- Lender: Peter Clare & Kewsong Lee from Carlyle Group
- Landlord: Henry Kravis from Kohlberg Kravis Roberts & Co. and Related Companies represented by Jeff Blau and Stephen Ross
- Loan Type: Refinance & Acquisition
The notable individuals and companies involved in this transaction include Peter Clare and Kewsong Lee from Carlyle Group as the lenders. The landlord is Henry Kravis from Kohlberg Kravis Roberts & Co. and Related Companies, with representation by Jeff Blau and Stephen Ross.
Players
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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93