Ian Nowland & Samantha Singh Acquire Tribeca Condo For $5.7M
250 West Street, New York City, New York 10013, United States
$5,700,000
$2,454/SF
Building Size
2,322 SF
Asset Type
—
Closing
Jul 17, 2022
AI
Located at 250 West St. in Tribeca, this condo measuring 2,322 square feet was recently sold for $5,700,000. The sale took place on July 18, 2022.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,700,000
- Square Footage: 2,322
The buyer of this condo unit was Ian Nowland and Samantha Singh. Represented by Rich Gibbons from Prevu Real Estate, the buyers successfully completed the transaction. On the other hand, Devin Someck from Living New York acted as the seller's representative.
With a price of $2,454 per square foot, this condominium offers an attractive investment opportunity in the sought-after neighborhood of Tribeca.
Players
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93