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100 Vandam St #20a New York...

Luxurious Condo At 100 Vandam Street Rented For $125K/month In NYC
LEASEDCondo

Luxurious Condo At 100 Vandam Street Rented For $125K/month In NYC

100 Vandam St #20a New York, NY 10013, USA

$230

$230/SF

Building Size

6,500 SF

Asset Type

Condo

Closing

Jul 27, 2023

AI

A penthouse at 100 Vandam Street in NYC has been rented for $125,000 per month, making it one of the highest publicized residential leases in the city. This luxurious unit, located on the 20th floor (Unit 20A), offers six bedrooms, 6.5 bathrooms, and spans 6,500 square feet of living space. Additionally, it boasts over 4,100 square feet of outdoor space, providing breathtaking 360-degree views of the city.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $125,000 per month
  • Address: 100 Vandam Street Unit 20A
  • Market: Hudson Square

This high-profile lease transaction was facilitated by a team of real estate professionals. The landlord's representative, Jessica Campbell from Nest Seekers International, played a crucial role in securing this deal. On the tenant's side, Cash Bernard, Cyrus Eyn, and Khashy Eyn from Platinum Properties acted as their representatives, ensuring a smooth negotiation process.

Players

Jessica Campbell

Nest Seekers International

Broker

$33M

vol

2 deals

Broker

New York Condo Market Snapshot

Boundary boundary · Condo · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

68969.57%

Cash-on-Cash

-19711.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93