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30 Park Place, Manhattan, N...

$25M TriBeCa Residential Condo Sale At 30 Park Place - PH Acquired By Silverstein Properties With Brokers Kane Manera & Steve Gold
SOLD

$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

Kane Manera

The Corcoran Group

Broker

$102.4M

vol

6 deals

Broker

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