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Blueberry Fields Trust Acquires Condo From HNZ Group In Nolita For $32.5M
SOLD
$32,500,000
New York
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Sold
SOLD
Blueberry Fields Trust Acquires Condo From HNZ Group In Nolita For $32.5M
293 Lafayette Street
See Similar DealsCondo
Sold
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
The property involved in the sale is a penthouse located at 293 Lafayette Street in Nolita, Manhattan. The asset is a condo in the bustling market of Nolita, Manhattan. The transaction price for this property was $32,500,000, with an approximate value of $5,500 per square foot.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $32,500,000
- Buyer: Blueberry Fields Trust
- Seller: HNZ Group
- Brokers: Dana Power - The Corcoran Group & Jeremy Stein - Sotheby's International Realty
Blueberry Fields Trust completed the off-market acquisition of the penthouse in Kushner Companies' Puck Building. The deal was facilitated by Dana Power of The Corcoran Group and Jeremy Stein of Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,733,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$115,465.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$154,066.58
Annual Debt Service$1,848,798.97
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