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60 Collister Street, New Yo...

The Collective Team Acquires Tribeca Condo In Manhattan For $17.25M
SOLD

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

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.

Players

Andrew Anderson

Douglas Elliman

Broker

$33.5M

vol

2 deals

Broker

Stuart Parr

Seller

$34.5M

vol

2 deals

Seller

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

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93