Olshan Properties Acquires Office Building At 99 Hudson Street In Tribeca For $13M
99 Hudson Street
$13,000,000
$374/SF
Building Size
34,742 SF
Asset Type
Office
Closing
Sep 23, 2025
About this deal
AI
The property asset involved in the transaction is located at 99 Hudson Street in the Tribeca market of Manhattan. It consists of office space measuring 34,742 square feet and was sold for $13,000,000, resulting in a price per square foot of $374.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,000,000
- Square Footage: 34,742
- Address: 99 Hudson Street
- Market: Tribeca, Manhattan
- Price per Square Foot: $374
- Buyer: Olshan Properties
- Seller: AEW
- Brokers: Brett Siegel, Maurice Suede, Adam Spies & Joshua (Josh) King - Newmark
The transaction involved key players including Brett Siegel, Maurice Suede, Adam Spies, and Joshua King from Newmark, acting as the brokers. They facilitated the sale between the buyer, Olshan Properties, and the seller, AEW, representing their respective clients in this transaction.
On the Map
$13,000,000
$374/SF
Office
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Players
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93