Jeff T. Blau Of RelatedCos Acquires Office Building In Hudson Yards For $52M
461 10th Avenue
$52,000,000
$1,168/SF
Building Size
44,500 SF
Asset Type
Office
Closing
Jan 7, 2026
About this deal
AI
461 10th Avenue, located in Hudson Yards, is a Class C commercial building that spans 44,500 square feet. It was sold for $52,000,000, which equates to approximately $1,169 per square foot. This transaction reflects a significant investment, as the sale price is notably above recent Manhattan office pricing. The acquisition provides Related Cos. complete control of the block where they are constructing the 72-story 70 Hudson Yards tower.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $52,000,000
- Square Footage: 44,500
- Price Per Square Foot: $1,169
- Address: 461 10th Avenue
- Market: Hudson Yards
- Buyer: Jeff T. Blau - RelatedCos
Jeff T. Blau represents Related Cos. in this transaction, highlighting the development company's strategic expansion within the coveted Hudson Yards market. The deal further consolidates their influence over the area as they progress with their ambitious real estate projects.
On the Map
$52,000,000
$1,168/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse New York office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93