Blueberry Fields Trust Acquires Condo From HNZ Group In Nolita For $32.5M
293 Lafayette Street
$32,500,000
Building Size
—
Asset Type
Condo
Closing
Jun 4, 2024
About this deal
AI
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.
On the Map
$32,500,000
Condo
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93