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55 Vestry Street

Brian Cushman & Danny Davis Facilitate $6.85M Tribeca Condo Sale Transaction
SOLDCondo

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

Danny Davis

The Corcoran Group

Broker

$41.1M

vol

4 deals

Broker

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