Tony Sargent Acquires 3,532 SF Condo In Tribeca For $9.9M
155 Franklin Street, Manhattan, New York, NY, USA
$9,995,000
$2,829/SF
Building Size
3,532 SF
Asset Type
—
Closing
Aug 24, 2021
AI
Located at 155 Franklin Street in Tribeca, this condo is a noteworthy asset in the real estate market. The property, spanning 3,532 square feet, offers spacious living areas for its residents. The condo was sold in a recent transaction for a sale price of $9,995,000, which translates to a price per square foot of $2,829. The attractive pricing, combined with the desirable location in Tribeca, makes this property a valuable investment.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,995,000
- Address: 155 Franklin Street, Tribeca
- Square Footage: 3,532
- Asking Price: $10,000,000
- Zoning: C6-2A, TMU
In this transaction, Tony Sargent from Tony Sargent represented the buyer, while Kirsten Jordan & Karishma Sani from Douglas Elliman acted as the seller's representatives. The deal was closed successfully with a sale price very close to the asking price, indicating a fair agreement between the parties involved. This sale demonstrates the expertise and professionalism of the real estate professionals, ensuring a smooth transaction for both the buyer and seller.
Players
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93