Janet Dell Purchases Condo At 450 Washington Street From Related Companies For $4.2M
SOLD
$4,200,000
New York
See Similar DealsCondo2,031 SF
Sold 12/02/2024
SOLD
Janet Dell Purchases Condo At 450 Washington Street From Related Companies For $4.2M
450 Washington Street
See Similar DealsCondo2,031 SF
Sold 12/02/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,067
Total Square Footage:2,031 SF
Transaction Type:Sale
The asset involved is a condo located at 450 Washington Street in the Tribeca market. It was originally listed for $4,795,000 and sold for $4,200,000, encompassing a total area of 2,031 square feet. The price per square foot amounts to $2,067.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,200,000
- Buyer: Janet Dell
- Seller: Related Companies
- Brokers: Alexander Boriskin & Michael Lorber - Douglas Elliman
- Asking Price: $4,795,000
- Discount Achieved: 12% off asking price
The transaction was facilitated by Alexander Boriskin and Michael Lorber from Douglas Elliman, representing the seller, Related Companies, in the deal with buyer Janet Dell.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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