Johnny Donadic Acquires Co-op In Tribeca For $5.15M
SOLD
$5,150,000
New York
See Similar DealsCo-Op5,600 SF
Sold 11/01/2022
SOLD
Johnny Donadic Acquires Co-op In Tribeca For $5.15M
55 Hudson Street & 55 Hudson St, NY
See Similar DealsCo-Op5,600 SF
Sold 11/01/2022
Summary
NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$919
Total Square Footage:5,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$274,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
Annual Debt Service$292,963.53
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