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71 Laight Street, Manhattan...

Sothebys International Realty's Matthew Perceval Represents Buyer In $9.4M Tribeca Condo Sale
SOLD

Sothebys International Realty's Matthew Perceval Represents Buyer In $9.4M Tribeca Condo Sale

71 Laight Street, Manhattan, New York, NY, USA

$9,375,000

$2,528/SF

Building Size

3,708 SF

Asset Type

Closing

Jun 14, 2021

AI

Located at 71 Laight Street in the vibrant neighborhood of Tribeca, this recently closed sale transaction involved a condominium property. The asset spans a total area of 3,708 square feet, offering ample space for comfortable living. The sale price for this property was $9,375,000, with an asking price of $9,800,000. With a price per square foot of $2,528, this sale showcases the high value of real estate in this desirable area.

Summary of Transaction Details:

  • Property Type: Condo
  • Transaction Amount: $9,375,000
  • Address: 71 Laight Street, Tribeca
  • Square Feet: 3,708
  • Asking Price: $9,800,000
  • Price per Square Foot: $2,528

The buyer's representative in this transaction was Matthew Perceval from Sothebys International Realty, while the seller's representative was Ashlei DeSouza from SERHANT. These experienced professionals played a crucial role in facilitating the deal, leveraging their expertise and negotiation skills to ensure a successful sale. Their involvement highlights the importance of having knowledgeable representatives when navigating complex real estate transactions.

Notably, the property holds a zoning designation of C6-2A, TMU, indicating its potential for various uses within the applicable zoning regulations. It is worth mentioning that the lot size measures 19,936 square feet, providing ample space within this urban setting. The property also obtained permits for an alteration type 2 on April 30, 2020, showcasing the potential for modifications or improvements to meet the buyer's specific needs. The lot dimensions are 125 feet by 160 feet, offering a generous footprint for the condominium.

Players

Ashlei DeSouza

Nest Seekers International

Broker

$9.4M

vol

1 deal

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93