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Alexander Zweig Sells Tribeca Condo At 62 Beach Street For $9 Million In All-Cash Deal
SOLD
New York
See Similar DealsCondo3,350 SF
Sold 05/07/2025
SOLD
Alexander Zweig Sells Tribeca Condo At 62 Beach Street For $9 Million In All-Cash Deal
62 Beach Street
See Similar DealsCondo3,350 SF
Sold 05/07/2025
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,686
Total Square Footage:3,350 SF
Transaction Type:Sale
A condo located at 62 Beach Street in the Tribeca market of Manhattan was sold for $9,000,000. The property, measuring 3,350 square feet, has a price per square foot of $2,687.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,000,000
- Address: 62 Beach Street
- Market: Tribeca, Manhattan
- Seller: Alexander Zweig
- Broker Representatives: Ryan Serhant, Greg Vladi, & Akansha Lama - Serhant
- Square Footage: 3,350
- Price Per Square Foot: $2,687
Alexander Zweig completed the sale of his Tribeca loft in an all-cash deal, which went into contract within a day, highlighting the swift nature of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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