Ali Vasegh Acquires Residential Condo At 72 Reade Street, Tribeca For $5.5M
SOLD
$5,525,000
+ 1
New York
See Similar Deals3,950 SF
Sold 02/28/2020
SOLD
Ali Vasegh Acquires Residential Condo At 72 Reade Street, Tribeca For $5.5M
72 Reade St #2, New York, NY 10007, USA
See Similar Deals3,950 SF
Sold 02/28/2020
+ 1
Summary
NEW YORK
Price Per Square Foot:$1,398
Total Square Footage:3,950 SF
Transaction Type:Sale
A residential condo located at 72 Reade Street in Tribeca recently sold in a closed transaction. The property spans 3,950 square feet and was sold for a sale price of $5,525,000. The asking price for the condo was $5,750,000, resulting in a price per square foot of $1,398.
Summary of transaction details
- Property Type: Residential Condo
- Asking Price: $5,750,000
- Sale Price: $5,525,000
- Square Footage: 3,950
- Price per Square Foot: $1,398
- Address: 72 Reade Street, Tribeca
The seller of the condo was Jeffrey Siegel, while the buyer was Ali Vasegh. The transaction was facilitated by brokers Nathan Malkoukian, Yitzchak Khaimov, and Ryan Serhant from NestSeekers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$294,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,629.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,191.32
Annual Debt Service$314,295.82
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