Alexico Group's TriBeCa Residential Condo Sells For $29.5M On Leonard St
SOLD
$29,500,000
New York
See Similar Deals5,200 SF
Sold 09/21/2021
SOLD
Alexico Group's TriBeCa Residential Condo Sells For $29.5M On Leonard St
56 Leonard St, Manhattan, New York, NY, USA
See Similar Deals5,200 SF
Sold 09/21/2021
Summary
NEW YORK
Price Per Square Foot:$5,673
Total Square Footage:5,200 SF
Transaction Type:Sale
Izak Senbahar and John Burger have closed a residential condo sale at 56 Leonard St. in TriBeCa. The property, developed by Alexico Group and designed by Herzog & De Meuron, was sold for a price of $29,500,000. It spans 5,200 square feet, resulting in a price per square foot of $5,673.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $29,500,000
- Address: 56 Leonard St.
- Market: TriBeCa
The sale was facilitated by John Burger of Brown Harris Stevens. Izak Senbahar and John Burger were involved in the transaction. The property was developed by Alexico Group and designed by Herzog & De Meuron. This high-end residential condo in TriBeCa offers luxurious living spaces and boasts a price per square foot of $5,673.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,573,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$104,807.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$139,845.05
Annual Debt Service$1,678,140.60
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