Compass Represents Sale Of Tribeca Condo At 55 Warren St. For $6.7M
55 Warren St, Manhattan, New York, NY, USA
$6,700,000
$1,837/SF
Building Size
3,647 SF
Asset Type
—
Closing
Jul 22, 2021
AI
A condo located at 55 Warren St. in Tribeca has been sold for $6,700,000. The property has a total square footage of 3,647, translating to a price per square foot of $1,847. The asking price for the condo was $6,799,000, indicating a slight decrease in the final sale price. The asset is situated on a lot measuring 4,387 square feet with dimensions of 25 feet by 175.5 feet. The condo falls under the C6-2A zoning classification and TMU zoning designation.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,700,000
- Address: 55 Warren St., Tribeca
- Square Footage: 3,647
- Price per Square Foot: $1,847
- Asking Price: $6,799,000
- Zoning: C6-2A, TMU
- Lot Size: 4,387 square feet
- Lot Dimensions: 25 ft x 175.5 ft
The sellers' representatives for this transaction were Justin Edelstein and Ryan Garson from Compass.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93