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Kain Warwick Sells Four-Story Penthouse At 601 Washington Street For $29M In West Village
SOLD
New York
See Similar DealsCondo
Sold 07/28/2025
SOLD
Kain Warwick Sells Four-Story Penthouse At 601 Washington Street For $29M In West Village
601 Washington Street
See Similar DealsCondo
Sold 07/28/2025
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
The property involved in this transaction is a four-story glass penthouse located at 601 Washington Street in the West Village market. The condo was sold for $29,000,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $29,000,000
- Seller: Kain Warwick
- Brokers: Scott Francis, Ashley Brooke, Sara Gore & Ryan Serhant - Serhant
Kain Warwick, a crypto entrepreneur, executed the sale of his penthouse, experiencing a loss of $1.65 million after purchasing it for $30.65 million in 2021.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,030.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,474.80
Annual Debt Service$1,649,697.54
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