TSN West Street LLC Acquires Condo From Annie Leibovitz At 495 West Street For $8M
495 West Street
$8,000,000
$2,500/SF
Building Size
3,200 SF
Asset Type
Condo
Closing
Oct 18, 2024
AI
The property asset involved in this transaction is a condo located at 495 West Street in the West Village, Manhattan. It was sold for a price of $8,000,000 and has a total square footage of 3,200, resulting in a price per square foot of $2,500.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,000,000
- Buyer: TSN West Street LLC
- Seller: Annie Leibovitz
- Broker: Deborah Kern - The Corcoran Group
- Date of Sale: 10/18/2024
This sale marks the transaction between noted photographer and real-estate enthusiast Annie Leibovitz and TSN West Street LLC. The transaction follows Leibovitz's prior purchase of the property for $6.5 million two years earlier, indicating a notable increase in value.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93