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71 Laight Street

Compass Represents Seller In $9.5M Tribeca Condo Sale
SOLDCondo

Compass Represents Seller In $9.5M Tribeca Condo Sale

71 Laight Street

$9,525,000

$294/SF

Building Size

32,403 SF

Asset Type

Condo

Closing

Sep 8, 2022

AI

The property involved in the transaction is a condo located at 71 Laight St. in the TriBeCa market. The sale price was $9,525,000, with a total square footage of 3,243 and a price per square foot of $2,937.

Summary of transaction details:

The transaction was represented by brokers Philip Scheinfeld and Sam Dahdal from the Philip Scheinfeld Team at Compass, emphasizing their role in facilitating the sale process for the seller.

Players

Philip Scheinfeld

Compass

Broker

$206.4M

vol

25 deals

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

1.67%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93