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161 Hudson St, New York, NY...

Jeremy Piven Sells Tribeca Penthouse Condo For $5M With Brokers Adam Modlin & Stefani Berkin
SOLD

Jeremy Piven Sells Tribeca Penthouse Condo For $5M With Brokers Adam Modlin & Stefani Berkin

161 Hudson St, New York, NY 10013, USA

$5,000,000

$166/SF

Building Size

30,000 SF

Asset Type

Closing

May 22, 2020

AI

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.

Players

Adam Modlin

Modlin Group

Broker

$1B

vol

30 deals

Broker

Jeremy Piven

Seller

$11.6M

vol

2 deals

Seller

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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93