Albert Rabizadeh Of Global Asset Management Buys Condo At 40 Rector Street For $7.7M
40 Rector Street
$7,700,000
$1,174/SF
Building Size
6,558 SF
Asset Type
Condo
Closing
Aug 28, 2025
AI
A condo located at 40 Rector Street in Manhattan’s Financial District was involved in the transaction. The asset sold for $7,700,000, covering an area of 6,558 square feet, resulting in a price per square foot of $1,174.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $7,700,000
- Address: 40 Rector Street
- Market: Financial District, Manhattan
- Square Footage: 6,558
- Price per Square Foot: $1,174
- Buyer: Albert Rabizadeh - Global Asset Management
- Seller: Kent Swig - China Institute in America
The transaction was conducted with Albert Rabizadeh representing Global Asset Management as the buyer, purchasing the property from Kent Swig, who is associated with the China Institute in America.
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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93