One Hudson Yards Refinanced For $225M By Landesbank Baden-Württemberg And Stephen M. Ross' Related Companies
530 W 30th St, New York, NY 10001, USA
$225,000,000
$107,142/SF
Building Size
2,100 SF
Asset Type
Other
Closing
Apr 22, 2018
About this deal
AI
The luxury rental building known as One Hudson Yards, located at 530 W 30th St in Manhattan, NY, has undergone a refinancing transaction. The property, owned by Related Companies and Stephen M. Ross, consists of a 33-story building with 300,000 SF of space. It offers 178 units ranging from 1-3 bedrooms.
Summary of transaction details
- Property Type: Luxury Rental Building
- Transaction Amount: $225,000,000
- Address: 530 W 30th St, Manhattan, NY
- Landlord: Related Companies - Stephen M. Ross
- Lender: Landesbank Baden-Württemberg - Hans-Jörg Vetter
Landesbank Baden-Württemberg, represented by Hans-Jörg Vetter, provided the refinancing loan for One Hudson Yards. This transaction showcases the collaboration between the lender and Related Companies, led by Stephen M. Ross, as they work together to secure financing for this luxury rental building.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93