$25M TriBeCa Residential Condo Sale At 30 Park Place - PH Acquired By Silverstein Properties With Brokers Kane Manera & Steve Gold
30 Park Place, Manhattan, New York, NY, USA
$25,000,000
$4,210/SF
Building Size
5,937 SF
Asset Type
—
Closing
Apr 27, 2021
AI
Located in TriBeCa, this residential condo at 30 Park Place - PH has recently been sold in a closed transaction. The property, spanning 4,538 square feet, offers a luxurious living space in the heart of the vibrant neighborhood. With a selling price of $25,000,000, this condo boasts an impressive price per square foot of $5,509.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $25,000,000
- Address: 30 Park Place - PH
- Market: TriBeCa
The sale was facilitated by Kane Manera from The Corcoran Group, representing the buyer, and Steve Gold, also from The Corcoran Group, representing the seller. Notable figures involved in the deal include Tal Kerret, Larry Silverstein, and Steve Gold. The developer of the property is Silverstein Properties, and the architect behind its design is RAMSA Architects.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93