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155 Franklin Street, Manhat...

Tony Sargent Acquires 3,532 SF Condo In Tribeca For $9.9M
SOLD

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

Kirsten Jordan

Douglas Elliman

Broker

$19.9M

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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93