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60 Beach Street, Manhattan,...

Laura Platt Acquires Tribeca Resi Condo From Philip Silverman Grat Trust For $3.7M
SOLD

Laura Platt Acquires Tribeca Resi Condo From Philip Silverman Grat Trust For $3.7M

60 Beach Street, Manhattan, New York, NY, USA

$3,725,000

$1,621/SF

Building Size

2,297 SF

Asset Type

Closing

Dec 17, 2020

AI

Located in Tribeca, the residential condo at 60 Beach Street, 6A was recently sold on December 18, 2020. The property, spanning 2,297 square feet, was acquired by Laura Platt for a price of $3,725,000. The transaction was facilitated by Corcoran brokers Sammy Benalloul and Beth Benalloul, representing the buyer in the deal. The seller was the Philip Silverman Grat Trust. The condo boasts a price per square foot of $1,622.

Summary of transaction details

  • Property Type: Resi Condo
  • Transaction Amount: $3,725,000
  • Address: 60 Beach Street, 6A
  • Market: Tribeca

The deal was successfully negotiated by Sammy Benalloul and Beth Benalloul from Corcoran, who acted as brokers representing the buyer, Laura Platt, in the transaction.

Players

Sammy Benalloul

The Corcoran Group

Broker

$84.1M

vol

5 deals

Broker
GT
Grat TrustSeller

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

4.26%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93