Ron Donchez Acquires Retail Condo At 88 Laight Street In TriBeCa For $2.2M
88 Laight Street, New York City, New York 10013, United States
$2,200,000
$1,214/SF
Building Size
1,811 SF
Asset Type
—
Closing
Dec 30, 2021
AI
A retail condo located at 88 Laight Street in the TriBeCa market has been sold for $2,200,000. The property encompasses 1,811 square feet, resulting in a price per square foot of $1,214. The transaction took place on December 30, 2021.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $2,200,000
- Address: 88 Laight Street
- Market: TriBeCa
- Square Footage: 1,811
- Price per Square Foot: $1,214
- Buyer: Ron Donchez
- Seller: Daniel Eisenbaum
- Buyer's Representative: Sachiko Goodman - Douglas Elliman
- Seller's Representatives: Maurice Suede & Daniel Soyak - Cushman & Wakefield
The buyer of the retail condo is Ron Donchez. Sachiko Goodman from Douglas Elliman represented the buyer in the transaction, while Maurice Suede and Daniel Soyak from Cushman & Wakefield represented the seller, Daniel Eisenbaum.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93