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Julia Haart Sells Tribeca Condo At 70 Vestry Street For $57 Million With Broker Adam Modlin
SOLD
$57,000,000
New York
See Similar DealsCondo7,808 SF
Sold
SOLD
Julia Haart Sells Tribeca Condo At 70 Vestry Street For $57 Million With Broker Adam Modlin
70 Vestry Street
See Similar DealsCondo7,808 SF
Sold
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$7300
Total Square Footage:7808 SF
Transaction Type:Sale
A condominium located at 70 Vestry Street in the Tribeca market was sold for $57,000,000. The property consists of 7,808 square feet, resulting in a price per square foot of approximately $7,300.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $57,000,000
- Address: 70 Vestry Street
- Market: Tribeca
- Seller: Julia Haart
- Broker: Adam Modlin - Modlin Group
- Square Footage: 7,808
- Price Per Square Foot: $7,300
This transaction involved Julia Haart, who sold the property, having acquired it in a divorce settlement from Italian billionaire Silvio Scaglia about a year prior to the sale. Adam Modlin represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,040,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$202,508.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$270,209.08
Annual Debt Service$3,242,508.96
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