Jeremy Piven Sells Tribeca Penthouse Condo For $5M With Brokers Adam Modlin & Stefani Berkin
SOLD
$5,000,000
New York
See Similar Deals30,000 SF
Sold 05/23/2020
SOLD
Jeremy Piven Sells Tribeca Penthouse Condo For $5M With Brokers Adam Modlin & Stefani Berkin
161 Hudson St, New York, NY 10013, USA
See Similar Deals30,000 SF
Sold 05/23/2020
Summary
NEW YORK
Price Per Square Foot:$166
Total Square Footage:30,000 SF
Transaction Type:Sale
Jeremy Piven, renowned actor known for his role on Entourage, recently closed a deal in the Tribeca market. The property in question is a penthouse condo located at 161 Hudson. This stunning penthouse spans an impressive 3,000 square feet and was sold for a price of $5,000,000. With a price per square foot of $1,666, it is clear that this property is a desirable investment.
Summary of transaction details
- Property Type: Penthouse Condo
- Transaction Amount: $5,000,000
- Square Footage: 3,000
- Price per Square Foot: $1,666
- Market: Tribeca
- Address: 161 Hudson
The seller in this transaction was Jeremy Piven himself, showcasing his aptitude for real estate investments. The deal was facilitated by two prominent brokers, Adam Modlin from Modlin Group and Stefani Berkin from R New York Brokers, who successfully represented both parties involved in this high-profile transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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