A10 Capital Acquires Condo Unit At 46 Lispenard Street, Tribeca For $19.5M
46 Lispenard Street
$19,460,000
$1,289/SF
Building Size
15,092 SF
Asset Type
Condo
Closing
Nov 7, 2023
AI
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.
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
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93