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40 Rector Street

Albert Rabizadeh Of Global Asset Management Buys Condo At 40 Rector Street For $7.7M
SOLDCondo

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

Albert Rabizadeh

Global Asset Management

Buyer

$110.7M

vol

11 deals

Buyer
GM
Global Asset ManagementBuyer

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