Richard Saghian Purchases Condo At 111 Murray Street For $31 Million In Tribeca
111 Murray Street
$31,000,000
Building Size
—
Asset Type
Condo
Closing
Oct 26, 2026
About this deal
AI
A condo located at 111 Murray Street in Tribeca, Manhattan, was sold for $31,000,000. The transaction involves a high-end penthouse in a desirable area known for its luxury real estate offerings.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $31,000,000
- Buyer: Richard Saghian
- Brokers: Ryan Serhant & Emilia Serhant - Serhant
- Date of Transaction: 10/26/2026
Richard Saghian, the founder of Fashion Nova, has expanded his luxury real estate portfolio, which includes properties in New York, California, and Florida. The deal was facilitated by brokers Ryan and Emilia Serhant, representing the buyer in this significant transaction.
On the Map
$31,000,000
Condo
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Murray 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93