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67 Franklin Street, New Yor...

Douglas Elliman Acquires Tribeca Condo At 67 Franklin St. For $14.25M
SOLD

Douglas Elliman Acquires Tribeca Condo At 67 Franklin St. For $14.25M

67 Franklin Street, New York City, New York 10013, United States

$14,250,000

$3,119/SF

Building Size

4,568 SF

Asset Type

Closing

Apr 27, 2022

AI

A luxury condo located at 67 Franklin St. in Tribeca has been sold for a whopping $14,250,000. This spacious property spans 4,568 square feet, offering ample living space for its new owner. With a price per square foot of $3,119, this condo showcases the high-value nature of the Tribeca real estate market.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $14,250,000
  • Address: 67 Franklin St.
  • Market: Tribeca
  • Square Footage: 4,568

The buyer was represented by the Chestler Jacobs Team, consisting of Ben Jacobs, Jessica Chestler, and Samantha Kirsch, all from Douglas Elliman. On the other side of the deal, the seller was represented by Krista Nickols, Jordan Hurt, Ryan Serhant, and Jennifer Alese from Serhant.

This transaction represents a significant move in the Tribeca real estate market, showcasing the expertise and negotiation skills of the parties involved.

Players

Ryan Serhant

Serhant

Broker

$1.1B

vol

44 deals

Broker

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

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93