Khajak Keledjian Sells TriBeCa Residential Condo For $14.5M
SOLD
$14,500,000
New York
See Similar Deals5,019 SF
Sold 08/11/2021
SOLD
Khajak Keledjian Sells TriBeCa Residential Condo For $14.5M
140 Franklin Street, Brooklyn, NY 11222, USA
See Similar Deals5,019 SF
Sold 08/11/2021
Summary
NEW YORK
Price Per Square Foot:$2,889
Total Square Footage:5,019 SF
Transaction Type:Sale
Located in the TriBeCa neighborhood of New York City, a residential condo at 140 Franklin Street has recently been sold. The property, spanning 5,019 square feet, offers a luxurious living space in a highly sought-after area.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $14,500,000
- Address: 140 Franklin Street
- Market: TriBeCa
The seller of this residential condo was Khajak Keledjian. Represented by Lisa Balbuena and Danny Davis, both from The Corcoran Group, the seller successfully closed the deal at the impressive sale price of $14,500,000. The price per square foot for the property was calculated to be $2,889. It is worth noting that the last recorded sale of this condo took place in March 2018, with a sale price of $10,750,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$773,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,515.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,737.40
Annual Debt Service$824,848.77
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