Berkshire Hathaway Home Services Acquires Tribeca Condo At 49 Chambers Street PHA For $6.95M
49 Chambers Street PHA
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
A luxurious condo in Tribeca has recently been sold for a staggering $6,950,000. This spacious property spans 3,597 square feet and is located at 49 Chambers Street PHA. The condo offers a prime location in the highly sought-after Tribeca market. With a price per square foot of $1,932, this sale represents a significant transaction in the area.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,950,000
- Address: 49 Chambers Street PHA
- Market: Tribeca
- Square Footage: 3,597
- Price Per Square Foot: $1,932
The seller of this remarkable condo is The Chetrit Group. Representing the buyer is Edward Prindiville of Berkshire Hathaway Home Services. On the other side of the deal, Maria Mainieri of Douglas Elliman acted as the seller's representative. These experienced individuals played a crucial role in facilitating this successful transaction.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93