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TSN West Street LLC Acquires Condo From Annie Leibovitz At 495 West Street For $8M
SOLD
$8,000,000
New York
See Similar DealsCondo3,200 SF
Sold 10/18/2024
SOLD
TSN West Street LLC Acquires Condo From Annie Leibovitz At 495 West Street For $8M
495 West Street
See Similar DealsCondo3,200 SF
Sold 10/18/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,500
Total Square Footage:3,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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