Alexandre Arnault Acquires Tribeca Condo For $18M
SOLD
$18,000,000
New York
See Similar DealsCondo4 SF
Sold 03/17/2023
SOLD
Alexandre Arnault Acquires Tribeca Condo For $18M
Condo4 SF
Sold 03/17/2023
Summary
Asset Type:Condo
Price Per Square Foot:$4,500,000
Total Square Footage:4 SF
Transaction Type:Sale
Alexandre Arnault has purchased a condo in the Tribeca market. The property spans 4,000 square feet and was sold for a total price of $18,000,000. The buyer's representative in the deal was Ryan Kaplan.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $18,000,000
- Market: Tribeca
- Square Feet: 4,000
In this transaction, Toni Haber represented the seller. The price per square foot for this sale was $4,500.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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