Ali Vasegh Acquires Residential Condo At 72 Reade Street, Tribeca For $5.5M
72 Reade St #2, New York, NY 10007, USA
$5,525,000
$1,398/SF
Building Size
3,950 SF
Asset Type
—
Closing
Feb 27, 2020
AI
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.
Players
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
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93