219 Hudson Street
219 Hudson Street represents a full sellout of a luxury condo project in Tribeca at a total consideration of $60.66M, achieving $2,204 PPSF at close — a meaningful discount to the submarket's comparable range of $3,000–$7,000+ PPSF seen at trophy Tribeca and West Village addresses. The project required a strategic repositioning after sitting with approximately 80% unsold inventory for five years, signaling initial pricing or market absorption challenges, though the final phase closed with only a 1.02% average discount and all three penthouses sold at or above ask, demonstrating execution recovery. Seller Joel Braver is a recognized but smaller-scale developer with $148M in documented volume, and the brokerage team of Kamar and Benjamin, now transitioning to Douglas Elliman, demonstrated competent repositioning execution. The PPSF at $2,204 sits well below luxury Tribeca comps such as 70 Vestry ($7,300 PPSF) and 150 Charles ($10,274–$11,555 PPSF), which may reflect the commercial condo nature of some units, bulk disposition structuring, or a non-residential component within the 27,515 SF footprint. From a lending perspective, this is a completed sellout with no identified distress signals, liens, or litigation, presenting clean title risk but limited future financing opportunity given the sold-out status.
Deal Stats
Parties
Seller / Landlord
Joel Braver
Joel Braver is a Manhattan-based condo developer with a documented track record of approximately 4 closed deals totaling $148M in volume, indicating a mid-tier boutique developer with concentrated exposure to luxury residential product in Lower Manhattan and Tribeca.
Score Analysis
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Raw Deal Textclick to expand
Submit Growing Financial Partnerships For Over 30 Years. Get Started Deals New York Condo Sale 219 Hudson Street Joel Braver Sells Condo At 219 Hudson Street Manhattan For $60,661,000 With Brokers Annael Kamar & Elan Benjamin SOLD $60,661,000 JB 27,515 SF Sold 2 weeks ago the deal players comps contact related Summary NEW YORK Asset Type: Price Per Square Foot: $2,204 Total Square Footage: Transaction Type: The property asset involved in this transaction is a condo located at 219 Hudson Street in Manhattan. The condo has a total sale price of $60,661,000, featuring a total square footage of 27,515 and a price per square foot of $2,204. Summary of transation details: Property Type: Condo Transaction Amount: $60,661,000 Address: 219 Hudson Street Market: Manhattan Square Footage: 27,515 Price per Square Foot: $2,204 Seller: Joel Braver Brokers: Annael Kamar & Elan Benjamin The brokers, Annael Kamar and Elan Benjamin, have transitioned to Douglas Elliman following the completion of the project, where they will continue to expand their footprint across luxury resale and new development throughout New York City. Notably, the project achieved a total sellout after five years, with all three penthouses sold at or above asking price. Players All Brokers Buyers | Sellers Elan Benjamin 2 deals $135M volume (347) 780-8893 BROKER Annael Kamar (347) 522-4767 Joel Braver 4 deals $148M volume SELLER Details Deal Summary IMAGE: Annael Kamar & Elan Benjamin DATE: 5/4/2026 ADDRESS: 219 Hudson Street MARKET: Manhattan ASSET TYPE: Condo SELLER: Joel Braver BROKERS: Annael Kamar & Elan Benjamin SALE PRICE: $60,661,000 SF: 27,515 ~ PPSF: $2,204 NOTE FROM BROKER: 219 Hudson Street is officially sold out, closing at a total sellout of $60,661,000. Following a five year run with nearly 80% of inventory still remaining the project was strategically repositioned, ultimately driving it to a complete sellout. The final phase achieved an average discount of just 1.02%,reaching as high as $2,424 per square foot. Notably, all three penthouses were successfully sold at or above asking price. Following the completion of the project, Annael Kamar and Elan Benjamin have transitioned to Douglas Elliman, where they will continue expanding our footprint across luxury resale and new development throughout New York City. Email New York | @tradedny Comps 10 These are similar deals based on proximity and similarity to the subject deal. Julia Haart Sells Tribeca Condo At 70 Vestry Street For $57 Million With Broker Adam Modlin New York | Condo | PPSF: $7300 02/13/2026 Sycamore Partners' Fredrik Eklund Sells Soho Penthouse For $50M With Ryan Serhant As Buyer's Rep New York | Condo | PPSF: $5000 07/03/2023 Penthouse At 150 Charles Street Sells For $52 Million In Manhattan New York | Condo | PPSF: $11555 SW 07/11/2023 Eric Brown Of Compass Represents Buyer In $60 Million Condo Sale At 150 Charles Street 9A New York | Condo | PPSF: $10274 03/13/2025 Gary Rosen Esq. Of Rosen Law LLC Represents Buyers In $60M Sale Of West Village Condo Josh Zegen Of Madison Realty Capital Sells 16 Fifth Avenue Condo For $45 Million New York | Condo | PPSF: $6617 04/27/2026 Eenhoorn Acquires 1 Park Row Condo In Manhattan's Financial District For $77 Million From Circle F Capital New York | Condo 12/30/2025 City University Of New York Acquires Four Office Condos From Metropolitan College Of New York For $40M New York | Condo | PPSF: $500 01/27/2026 James C. Kennedy Of Cox Communications Acquires Condo At 500 West 18th Street For $47M New York | Condo | PPSF: $6779 11/25/2024 Matthew Adell Of Adellco Sells 20 Condos At The Armorie In Flatiron For $71M 04/24/2025 Contact Get in touch with the broker you want Select Brokers Joel Braver, Elan Benjamin, Annael Kamar Name Phone (optional) Message I'm an agent These are similar buyers of Condo properties in this pric EXTELL $15B Volume 62 Closed Deals SA Strategic Properties of North America $153M Volume 5 Closed Deals Goodman Capital $243M Volume 9 Closed Deals Upgrade to unlock AllianceBernstein $819M Volume 6 Closed Deals OH Opal Holdings $741M Volume Unlock All Profiles Unlimited deal views Access investor profiles & contacts Exclusive comps & market data These are similar brokers based on this deal Adam Modlin 29 Closed Deals (212) 586-3821 Eloy Carmenate 32 Closed Deals (305) 582-7179 John Ciraulo 47 Closed Deals (212) 660-7700 Matthew Gillis $295M Volume 25 Closed Deals Michael A. 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Deal Type SALE LOAN LEASE Purchase Price Loan-to-Value (%) Interest Rate (%) Amortization Period 30 years Loan Term 10 years Operating Income Gross Potential Rent (Annual) Vacancy Rate (%) Operating Expenses (Annual) Property Tax Insurance Maintenance Utilities Management Reserves Reset Net Operating Income (NOI) $3,235,253.33 Debt Service Coverage Ratio (DSCR) 0.94x DSCR below 1.0x - deal does not cover debt service Cap Rate 5.33% Cash Flow (Annual) -$215,515.73 Cash-on-Cash Return -1.27% Monthly Debt Service $287,564.09 Annual Debt Service $3,450,769.05 Is there something missing? Send suggestions We are telling CRE's story Traded is the #1 source for cutting edge CRE transactions & insights. 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