Silverstein Properties Acquires Condo At 30 Park Place In TriBeCa For $9.3M
30 Park Pl, New York, NY 10007, USA
$9,300,000
$2,513/SF
Building Size
3,700 SF
Asset Type
—
Closing
Aug 11, 2020
AI
Located at 30 Park Place in the TriBeCa neighborhood, this half-floor condo unit offers stunning river-to-river views. With a spacious 3,700 square feet of living space, this unit is one of only ten A-line units in the building. The sale, which took place on August 12, 2020, was facilitated by brokers Sarah Williams and Ginette Behar representing an unidentified buyer. The asking price for this luxury condo was $9,500,000, and it was ultimately sold for $9,300,000. The price per square foot came to $2,513.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,300,000
- Address: 30 Park Place
- Market: TriBeCa
- Developer: Silverstein Properties
- Brokers: Sarah Williams & Ginette Behar
The condo at 30 Park Place was developed by Silverstein Properties. Sarah Williams and Ginette Behar, from an unspecified agency, represented the buyer in this transaction. This deal showcases the desirability and prestige of the TriBeCa market, with the property's stunning river-to-river views and luxurious amenities. The successful sale demonstrates the expertise and negotiating skills of the buyer's representatives, Sarah Williams and Ginette Behar.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93