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140 Franklin Street, Brookl...

Khajak Keledjian Sells TriBeCa Residential Condo For $14.5M
SOLD

Khajak Keledjian Sells TriBeCa Residential Condo For $14.5M

140 Franklin Street, Brooklyn, NY 11222, USA

$14,500,000

$2,889/SF

Building Size

5,019 SF

Asset Type

Closing

Aug 11, 2021

AI

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.

Players

Lisa Balbuena

The Corcoran Group

Broker

$30.9M

vol

2 deals

Broker

New York 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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93