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
About this deal
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
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $166 per square foot on a published $5M for 30,000 square feet (2020).
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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