Rudra Pandey Acquires Tribeca Condo For $13.5M
SOLD
$13,500,000
New York
See Similar Deals9,680 SF
Sold 02/12/2021
SOLD
Rudra Pandey Acquires Tribeca Condo For $13.5M
2 Park Place, Manhattan, New York, NY, USA
See Similar Deals9,680 SF
Sold 02/12/2021
Summary
NEW YORK
Price Per Square Foot:$1,394
Total Square Footage:9,680 SF
Transaction Type:Sale
A condo located at 2 Park Place in Tribeca was sold for $13,500,000. The transaction took place between buyer Rudra Pandey and seller Kenneth S Horn. The property is situated in a C5-3, LM zoning area. The last recorded sale price for this condo was $0.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $13,500,000
- Address: 2 Park Place
- Market: Tribeca
- Zoning: C5-3, LM
- Last Sale Price: $0
Rudra Pandey was the buyer of the condo, represented by their broker. Kenneth S Horn acted as the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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