$25M TriBeCa Residential Condo Sale At 30 Park Place - PH Acquired By Silverstein Properties With Brokers Kane Manera & Steve Gold
SOLD
$25,000,000
New York
See Similar Deals5,937 SF
Sold 04/28/2021
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
See Similar Deals5,937 SF
Sold 04/28/2021
Summary
NEW YORK
Price Per Square Foot:$4,210
Total Square Footage:5,937 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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