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
About this deal
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.
On the Map
$14,250,000
$3,119/SF
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Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $3.1K per square foot on a published $14.3M for 4,568 square feet (2022).
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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