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11 Vestry St New York, NY 1...

Valery Samsung Acquires Tribeca Condo For $4.65M
SOLDCondo

Valery Samsung Acquires Tribeca Condo For $4.65M

11 Vestry St New York, NY 10013, USA

$4,650,000

$1,500/SF

Building Size

3,100 SF

Asset Type

Condo

Closing

Aug 29, 2023

AI

A condo located at 11 Vestry Street in Tribeca, Manhattan has been sold for $4,650,000. The property spans approximately 3,100 square feet and has a price per square foot of $1,500.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $4,650,000
  • Square Footage: 3,100
  • Price per Square Foot: $1,500
  • Address: 11 Vestry Street, Tribeca, Manhattan

Valery Samsung has purchased the condo from the seller, Timothy Jones. The deal was facilitated by brokers Cameron Begg, Alexander Boriskin, and Michael Lorber from Douglas Elliman.

Players

Michael Lorber

Douglas Elliman

Broker

$268.9M

vol

39 deals

Broker
S
SamsungBuyer

Timothy Jones

Robert Martin Company

Seller

$41.3M

vol

2 deals

Seller

Market Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.41%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93