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67 Vestry St New York, NY 1...

Arsenal Capital Partners Acquires 6th Floor Condo At 67 Vestry Street In Tribeca For $24.5M
SOLDCondo

Arsenal Capital Partners Acquires 6th Floor Condo At 67 Vestry Street In Tribeca For $24.5M

67 Vestry St New York, NY 10013, USA

$24,500,000

$4,224/SF

Building Size

5,800 SF

Asset Type

Condo

Closing

Jul 6, 2023

AI

Investor Jeffrey Kovach has purchased a sixth-floor unit in Elliot Aronson's 67 Vestry Street condominium in Tribeca. The condo, located at 67 Vestry Street, New York, offers six bedrooms, five bathrooms, and spans 5,800 square feet. The unit boasts stunning views of the Hudson River. The sale price for this transaction was $24,500,000, resulting in a price per square foot of $4,224.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $24,500,000
  • Address: 67 Vestry Street, New York
  • Market: New York
  • Buyer: Arsenal Capital Partners - Jeffrey Kovach
  • Broker: Sebastian Steinau - The Corcoran Group
  • Square Footage: 5,800
  • Price per Square Foot: $4,224

Arsenal Capital Partners, represented by Jeffrey Kovach, completed the purchase of this prestigious condo unit. The transaction was facilitated by Sebastian Steinau from The Corcoran Group.

Players

Sebastian Steinau

The Corcoran Group

Broker

$24.5M

vol

1 deal

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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93