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123 Washington Street, New ...

Macy Lai Acquires Residential Condo At 123 Washington Street For $1.9M
SOLDCo-Op

Macy Lai Acquires Residential Condo At 123 Washington Street For $1.9M

123 Washington Street, New York, NY, USA

$1,925,000

$2,629/SF

Building Size

732 SF

Asset Type

Co-Op

Closing

Jun 23, 2020

AI

An image of the property at 123 Washington Street in the Financial District was shared on Instagram by Richard Nassimi. The residential condo was sold on June 23, 2021. The transaction involved the buyer Macy Lai and the seller Richard Nassimi. The sale was facilitated by the broker @TheNassimiGroup. The property was sold for $1,925,000. The residential condo has a total area of 1,175 square feet, resulting in a price per square foot of $1,638.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $1,925,000
  • Address: 123 Washington Street
  • Market: Financial District

The sale of the residential condo at 123 Washington Street was completed with Macy Lai as the buyer and Richard Nassimi as the seller. The transaction was facilitated by the broker @TheNassimiGroup. The property has a total area of 1,175 square feet and was sold for a price per square foot of $1,638.

Players

Richard Nassimi

Douglas Elliman

Broker

$56.4M

vol

34 deals

Broker
The Nassimi Group
The Nassimi GroupBrokerage

Macy Lai

Buyer

$15.9M

vol

2 deals

Buyer
Richard Nassimi

Richard Nassimi

Seller

$56.4M

vol

34 deals

Seller

New York Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.24%

Cash-on-Cash

-2.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93