Rudra Pandey Acquires Tribeca Condo For $13.5M
2 Park Place, Manhattan, New York, NY, USA
$13,500,000
$1,394/SF
Building Size
9,680 SF
Asset Type
—
Closing
Feb 11, 2021
AI
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.
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93