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450 Washington Street

Janet Dell Purchases Condo At 450 Washington Street From Related Companies For $4.2M
SOLDCondo

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:

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

Michael Lorber

Douglas Elliman

Broker

$262.5M

vol

38 deals

Broker

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