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Jonathan Notaro Purchases Hudson Square Office From Joseph Sullo & David Moyal For $7.5M

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SOLD
$7,500,000

New York

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Office12,400 SF
Sold
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SOLD

Jonathan Notaro Purchases Hudson Square Office From Joseph Sullo & David Moyal For $7.5M

121 Varick Street

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Office12,400 SF
Sold
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$604
Total Square Footage:12400 SF
Transaction Type:Sale

The property asset involved in this transaction is an office space located at 121 Varick Street - 12th Floor Penthouse in the Hudson Square market. The sale price of the property was $7,500,000, with a total of 12 units, equating to a price per unit of $625,000. The asset spans 12,400 square feet, resulting in a price per square foot of $604.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $7,500,000
  • Units: 12
  • Price per Unit: $625,000
  • Square Footage: 12,400
  • Price per Square Foot: $604
  • Buyer: Jonathan Notaro
  • Seller: Joseph Sullo & David Moyal
  • Broker Representation: Michael Glanzberg & James Costello - Sinvin Real Estate

This transaction involved Jonathan Notaro as the buyer, while the sellers were Joseph Sullo and David Moyal. The deal was facilitated by brokers Michael Glanzberg and James Costello from Sinvin Real Estate, representing the involved parties throughout the process.

Players

Michael Glanzberg
7 deals$25.8M volume
BROKER

James Costello
Sinvin Real Estate
5 deals$25.8M volume
BROKER

Sinvin Real Estate
BROKERAGE

Details

SOLD
IMAGE: Michael Glanzberg & James Costello DATE: 8/1/2025 ADDRESS: 121 Varick Street - 12th Floor Penthouse MARKET: Hudson Square ASSET TYPE: Office BUYER: Jonathan Notaro SELLER: Joseph Sullo & David Moyal BROKERS: Michael Glanzberg & James Costello - Sinvin Real Estate (@SinvinRealEstate) SALE PRICE: $7,500,000 UNITS: 12 ~ PPU: $625,000 SF: 12,400 ~ PPSF: $604

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92