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293 Lafayette Street

Blueberry Fields Trust Acquires Condo From HNZ Group In Nolita For $32.5M
SOLDCondo

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

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:

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.

Players

Jeremy Stein

Sotheby's International Realty

Broker

$77.6M

vol

5 deals

Broker

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

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93