Related sells 15 Hudson Yards penthouse for $22M

The entity Hudson Yards Ph88a LLC paid $22 million to Metropolitan Transportation Authority for condo (SC) unit PH88A at 15 Hudson Yards at 553 West 30th Street in Hudson Yards, Manhattan.
The deal closed on June 18, 2021 and was recorded on July 12, 2021.
The property has 5,211 square feet of built space and 0 square feet of additional air rights for a total buildable of 0 square feet according to PincusCo analysis of city data. The sale price per built square foot is $4,222 per the PincusCo analysis.
(121192397)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 389 residential units on April 5, 2019.
Within a 400-foot radius of 553 West 30th Street, PincusCo identified seven commercial real estate items of interests occurred over the past 24 months.
Of those seven items, six were sales above $5 million totaling $86.9 million. The most recent of the six was Khawaja, Ala Al which bought one condo unit in the 5,118-square-foot, 395-unit mixed-use building (RM) on 553 West 30th Street for $17.2 million from Related Companies on July 27, 2020.
One of those seven items was a loan which Related Companies borrowed $78.5 million from Fannie Mae secured by one condo unit in the 106,692-square-foot, 395-unit mixed-use building (RM) on 553 West 30th Street on August 27, 2020.

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