Tal Alexander & Jared Schwadron Represent Kevin Love's $13.25M Sale In Tribeca Condo
SOLD
$13,250,000
New York
See Similar DealsCondo2,536 SF
Sold 03/06/2024
SOLD
Tal Alexander & Jared Schwadron Represent Kevin Love's $13.25M Sale In Tribeca Condo
70 Vestry Street
See Similar DealsCondo2,536 SF
Sold 03/06/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$5,224
Total Square Footage:2,536 SF
Transaction Type:Sale
Located at 70 Vestry Street, 4D in Tribeca, Manhattan, the asset involved in the transaction is a Condo spanning 2,536 square feet. The property was sold for $13,250,000 at a price per square foot of $5,223.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,250,000
- Address: 70 Vestry Street, 4D
- Market: Tribeca, Manhattan
- Seller: Kevin Love
- Buyers Rep: Tal Alexander & Jared Schwadron - Official
- Sellers Rep: Hannah Bomze - Casa Blanca
- SF: 2,536
- PPSF: $5,223
The deal's key individuals included Tal Alexander and Jared Schwadron representing the buyers, alongside Hannah Bomze from Casa Blanca representing the seller, Kevin Love.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$706,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,074.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,811.76
Annual Debt Service$753,741.12
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