Brian Cushman & Danny Davis Facilitate $6.85M Tribeca Condo Sale Transaction
55 Vestry Street
$6,850,000
$2,283/SF
Building Size
3,000 SF
Asset Type
Condo
Closing
Feb 27, 2024
AI
The condo located at 55 Vestry Street in Tribeca, Manhattan was sold for $6,850,000. The property spans 3,000 square feet, translating to a price per square foot of $2,283. The sale was facilitated by Brian Cushman from R New York, representing the buyer, and Danny Davis from The Corcoran Group, representing the seller.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,850,000
- Address: 55 Vestry Street
- Market: Tribeca, Manhattan
- Buyer's Rep: Brian Cushman - R New York
- Seller's Rep: Danny Davis - The Corcoran Group
- SF: 3,000
- PPSF: $2,283
Brian Cushman, representing R New York, played a crucial role as the buyer's representative in the transaction. Likewise, Danny Davis, from The Corcoran Group, served as the seller's representative, ensuring a smooth and successful sale of the property at 55 Vestry Street.
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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93