Robert Frankel Acquires TriBeCa Condo From Richard C. Hamlin For $10.7M
443 Greenwich Street, New York City, New York 10013, United States
$10,700,000
$62/SF
Building Size
171,420 SF
Asset Type
Condo
Closing
Oct 5, 2022
About this deal
AI
The property involved in this transaction is a condo located at 443 Greenwich Street in the TriBeCa neighborhood of Manhattan. It has a zoning designation of C6-2A, TMU. The property is a total of 171,420 square feet and has a price per square foot of $62. The building has a total of 211,465 buildable square feet, and each buildable square foot is valued at $50. The total lot size is 35,127 square feet, with dimensions of 175.5 feet by 200.17 feet. The property has a floor area ratio (FAR) of 4.88 and is classified under tax class 2.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,700,000
- Buyer: Robert Frankel
- Seller: Richard C. Hamlin
- Last Sale Price: $5,759,659 (10/4/2018)
In this transaction, Robert Frankel purchased the property from Richard C. Hamlin for a total price of $10,700,000. The buyer and seller involved in the deal are represented by their respective brokers. No further information is available regarding any other individuals or companies involved in the transaction.
On the Map
$10,700,000
$62/SF
Condo
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Players
New York Condo Market Snapshot
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Deal FAQ
About $62 per square foot on a published $10.7M for 171,420 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93