Johnny Donadic Acquires Co-op In Tribeca For $5.15M
55 Hudson Street & 55 Hudson St, NY
$5,150,000
$919/SF
Building Size
2,800 SF
Asset Type
Co-Op
Closing
Nov 1, 2022
About this deal
AI
Located at 55 Hudson St in Tribeca, the property involved in this off-market transaction is a cooperative (co-op) unit. The deal was closed on November 1, 2022.
Summary of transaction details
- Property Type: Co-op
- Transaction Amount: $5,150,000
- Square Footage: 2,800 SF
- Price per Square Foot: $1,839
- Address: 55 Hudson St, Tribeca
Leading the deal as the buyer was Johnny Donadic. Representing the buyer in this transaction were Wendy Maitland and Bernardo "Beni" Metsch, who work for Atelier WM LLC. They played a crucial role in ensuring a successful closing.
On the Map
$5,150,000
$919/SF
Co-Op
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Players
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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93