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A10 Capital Acquires Condo Unit At 46 Lispenard Street, Tribeca For $19.5M
SOLD
$19,460,000
New York
See Similar DealsCondo15,092 SF
Sold 11/07/2023
SOLD
A10 Capital Acquires Condo Unit At 46 Lispenard Street, Tribeca For $19.5M
46 Lispenard Street
See Similar DealsCondo15,092 SF
Sold 11/07/2023
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,289
Total Square Footage:15,092 SF
Transaction Type:Sale
A10 Capital, the lender, has acquired five unsold high-end condominium units at 46 Lispenard Street in Tribeca, Manhattan from Continental Equities Group. The condo units cover a total area of 15,092 square feet and are priced at $1,289 per square foot.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $19,460,000
- Address: 46 Lispenard Street
- Market: Tribeca, Manhattan
Continental Equities Group sold the five unsold condominium units to A10 Capital, represented by their buyer Jamie Berenger. The transaction took place on 11/07/2023. Jamie Berenger was represented by A10 Capital in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,037,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,137.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,250.33
Annual Debt Service$1,107,003.94
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