Mixed-use · New York
35 Hudson Yards
—, New York
Verified
sourcedmodeled1 of 7 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Mori Trust (via Mori America) owns the lower ~38 floors (Equinox Hotel, office and retail); Related Companies and Oxford Properties retain the upper condominium floors.
4 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
1 debt tranche on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Tenants & leasing
Tenant roster & leasing
2 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Single source — Hudson Yards (press release) · https://www.hudsonyardsnewyork.com/press-media/press-releases/related-and-oxford-complete-2-billion-capitalization-35-hudson-yards · observed 2016
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Mori Trust (via Mori America) owns the lower ~38 floors (Equinox Hotel, office and retail); Related Companies and Oxford Properties retain the upper condominium floors: Single source — commercialobserver.com · https://commercialobserver.com/2025/11/related-and-oxford-sell-hudson-yards-equinox-hotel-for-541m/
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.