Serhant Represents Buyer In $5.2M Condo Sale In TriBeCa
SOLD
$5,200,000
New York
See Similar Deals2,919 SF
Sold 10/14/2022
SOLD
Serhant Represents Buyer In $5.2M Condo Sale In TriBeCa
181 Hudson Street, New York City, New York 10013, United States
See Similar Deals2,919 SF
Sold 10/14/2022
Summary
NEW YORK
Price Per Square Foot:$1,781
Total Square Footage:2,919 SF
Transaction Type:Sale
Located in TriBeCa, the condo at 181 Hudson Street, 4BC recently changed hands in a closed transaction. The property spans 2,919 square feet and features a convenient layout. The deal was facilitated by the seller's representatives, Mark David Fromm and Claudia Saez Fromm from Mark David & Company Real Estate, LLC, and the buyer's representative, Taylor Middleton from Serhant. The sale price for this TriBeCa condo was $5,200,000, resulting in a price per square foot of $1,781.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $5,200,000
- Address: 181 Hudson Street, 4BC
- Market: TriBeCa
- Asset Type: Condo
Taylor Middleton from Serhant represented the buyer in this transaction, while Claudia Saez Fromm and Mark David Fromm from Mark David & Company Real Estate, LLC represented the seller. This successful deal highlights the expertise and professionalism of these real estate professionals in the competitive market of TriBeCa.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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