Janet Dell Purchases Condo At 450 Washington Street From Related Companies For $4.2M
450 Washington Street
$4,200,000
$2,067/SF
Building Size
2,031 SF
Asset Type
Condo
Closing
Dec 2, 2024
AI
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.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93