K Property Group Acquires Retail Condo In TriBeCa From Cape Advisors For $12M
30 Warren Street, Manhattan, New York, NY, USA
$12,000,000
$7,272/SF
Building Size
1,650 SF
Asset Type
—
Closing
Jan 5, 2021
About this deal
AI
30 Warren Street in TriBeCa is the location of a recently sold retail condo. The property, measuring 3,086 square feet, was purchased by K Property Group from Cape Advisors. The deal was facilitated by Eric Anton and Nelson Lee of The Anton Group NYC and Marcus & Millichap NY.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $12,000,000
- Address: 30 Warren Street
- Market: TriBeCa
In addition to the purchase, the tenant Spectrum has agreed to a 10-year lease term. The price per square foot for the property was $3,888.
On the Map
$12,000,000
$7,272/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93