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Kareem Daniel Purchases Condo At 56 Leonard Street From William And Joan Lopatin For $4.9M
SOLD
$4,900,000
New York
See Similar DealsCondo1,700 SF
Sold
SOLD
Kareem Daniel Purchases Condo At 56 Leonard Street From William And Joan Lopatin For $4.9M
56 Leonard Street
See Similar DealsCondo1,700 SF
Sold
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2882
Total Square Footage:1700 SF
Transaction Type:Sale
A condo located at 56 Leonard Street in Tribeca was sold for $4,900,000. The unit spans a total of 1,700 square feet, featuring two bedrooms. The price per square foot for this property is approximately $2,882.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,900,000
- Buyer: Kareem Daniel
- Seller: William Lopatin & Joan Lopatin
- Closing Date: February 13, 2026
- Under Contract Date: January 5, 2026
Kareem Daniel, a former chairman at The Walt Disney Company, purchased this condo with a cash transaction. The property was sold by William Lopatin and Joan Lopatin.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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