Hornig Capital Partners pays $8M to Spitzer Enterprises for property in Hudson Yards

Hornig Capital Partners through the entity Saxa 34 Partners, LLC paid Spitzer Enterprises’s 419 Ninth Avenue LLC $7.9 million for 419 9th Avenue in Hudson Yards. The deal closed on October 20, 2020, and was recorded on October 29, 2020. The transaction consists of 1 parcel, including the tax class primarily three family with store or office (S3) and containing 3 residential units. The property is 4,738 square feet. The parcel(s) have total development potential of 19,748 square feet.
The average sale price per square foot is $400.

The contract date was October 10, 2020, the same day as the closing. Eliot Spitzer sold the building for $600,000 or 7 percent below the April 30, 2014, purchase price of $8.5 million. Spitzer never held any debt on the building.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Daren Hornig

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