Jordan Roeschlaub Acquires 70 Vestry Street Condo In Manhattan For $12M
70 Vestry Street, New York City, New York 10013, United States
$12,000,000
$78/SF
Building Size
153,549 SF
Asset Type
—
Closing
Mar 3, 2022
About this deal
AI
The property involved in this closed transaction is a condo located at 70 Vestry Street in TriBeCa, Manhattan. It has a total square footage of 3,242 and was sold at a price of $12,000,000. The price per square foot is $3,701, while the building's square footage ratio (BSF) stands at 190,858. The property is subject to zoning regulations of C6-3A and TMU. The lot size is 25,380, with dimensions of 176.47 ft x 139.77 ft. The last sale of the property took place on July 19, 2018, for a price of $11,755,500.
Summary of Transaction Details:
- Property Type: Condo
- Transaction Amount: $12,000,000
- Buyer: Jordan Roeschlaub
- Seller: Steven M. Nachman
- Price per Square Foot (PPSF): $3,701
- Square Footage (SF): 3,242
- Building Square Footage (BSF): 190,858
- Lot Size: 25,380
- Last Sale Price: $11,755,500 (7/19/2018)
- Lot Dimensions: 176.47 ft x 139.77 ft
Jordan Roeschlaub is the buyer in this transaction, while Steven M. Nachman is the seller. The property's floor area ratio (FAR) is 6.05, and it falls under tax class 2. Notable details about this closed transaction include the buyer's name, the seller's name, and the property's zoning information (C6-3A and TMU).
Players
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Deal FAQ
About $78 per square foot on a published $12M for 153,549 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93