Jared Coven Acquires Condo In TriBeCa, Manhattan For $11.6M
30 Park Place, 30 Park Pl, New York City, New York 10007, United States
$11,600,000
$19/SF
Building Size
609,998 SF
Asset Type
—
Closing
Mar 30, 2022
About this deal
AI
The property involved in this closed transaction is a condominium located at 30 Park Place in the TriBeCa neighborhood of Manhattan. It is zoned as C5-3, LM. The condo spans a total area of 609,998 square feet. The price for this transaction was $11,600,000, resulting in a price per square foot of $19. The property has a floor area ratio (FAR) of 20.68 and falls under tax class 2. The lot size is 29,497 square feet, with dimensions measuring 197.29 feet by 148 feet. The previous sale of this property occurred on March 24, 2017, at a price of $13,720,919.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,600,000
- Zoning: C5-3, LM
- Square Footage: 609,998
- Price per Square Foot: $19
- Floor Area Ratio (FAR): 20.68
- Tax Class: 2
- Lot Size: 29,497
- Last Sale Price: $13,720,919 (03/24/2017)
- Lot Dimensions: 197.29 ft x 148 ft
The buyer of this property is Jared Coven and the seller is Bruce Cohen.
Players
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Deal FAQ
About $19 per square foot on a published $11.6M for 609,998 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93