Richard Nassimi Represents Seller In $10.1M Sale Of Condo At 129 Lafayette Street, Manhattan
129 Lafayette Street
$10,100,000
$2,173/SF
Building Size
4,647 SF
Asset Type
Condo
Closing
Jun 1, 2026
About this deal
AI
The property asset involved in this transaction is a condo located at 129 Lafayette Street in Manhattan. The sale price was $10,100,000, with a total square footage of 4,647, resulting in a price per square foot of $2,173.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,100,000
- Address: 129 Lafayette Street
- Market: Manhattan
- Square Footage: 4,647
- Price Per Square Foot: $2,173
- Seller's Representative: Richard Nassimi
Richard Nassimi represented the seller in this transaction. Notably, after nearly six years of unsuccessful marketing efforts, TNG took over the listing and secured a contract in only seven weeks.
Players
New York 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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93