Ruhel Ahmed Acquires Retail Asset At 675 Hudson Street From Robert Cayre For $100M
675 Hudson Street
$100,000,000
$3,413/SF
Building Size
29,300 SF
Asset Type
Retail
Closing
Jul 1, 2026
AI
The retail asset at 675 Hudson Street, located in Manhattan's Meatpacking District, comprises a total area of 29,300 square feet. The property was sold for $100 million, reflecting a price per square foot of approximately $3,413.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $100,000,000
- Address: 675 Hudson Street
- Market: Meatpacking District, Manhattan
- Square Footage: 29,300
- Price Per Square Foot: $3,413
- Buyer: Ruhel Ahmed
- Seller: Robert Cayre - Aurora Capital Associates
Robert Cayre, representing Aurora Capital Associates, was involved in the sale of the property, indicating the prominence of the seller in the transaction. Ruhel Ahmed is the buyer acquiring this high-profile retail asset.
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93