The Collective Team Acquires Tribeca Condo In Manhattan For $17.25M
60 Collister Street, New York City, New York 10013, United States
$17,250,000
$1,854/SF
Building Size
9,300 SF
Asset Type
—
Closing
Apr 13, 2022
About this deal
AI
The condominium located at 60 Collister St. in Tribeca, Manhattan has recently been sold for a total price of $17,250,000. The property spans approximately 9,300 square feet, resulting in a price per square foot of $1,854.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $17,250,000
- Date: 04/14/2022
- Address: 60 Collister St.
- Market: Tribeca, Manhattan
The seller of the condo was Stuart Parr, while the buyer was represented by Eric Prigot and Adam Miller from The Collective Team at Compass. On the other hand, the seller was represented by Andrew Anderson and Bruce Ehrmann from The Anderson Ehrmann Team at Douglas Elliman.
With the deal successfully closed, this transaction exemplifies the thriving real estate market in Tribeca, Manhattan. The collaboration between the buyer's representatives, Eric Prigot and Adam Miller, as well as the seller's representatives, Andrew Anderson and Bruce Ehrmann, played a crucial role in ensuring a seamless process for all parties involved.
On the Map
$17,250,000
$1,854/SF
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Players
New York CRE Market Snapshot
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Deal FAQ
About $1.9K per square foot on a published $17.3M for 9,300 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93