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121 Varick Street

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

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

121 Varick Street

$7,500,000

$604/SF

Building Size

12,400 SF

Asset Type

Office

Closing

Jul 31, 2025

AI

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

Sinvin Real Estate

Broker

$25.8M

vol

7 deals

Broker
Sinvin Real Estate
Sinvin Real EstateBrokerage

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93