Updated Aug 24, 2026
Laboz Family Sells Development Site At 2 Thomas Street In TriBeCa For $14,000,000
2 Thomas Street
$14,000,000
$5,305/SF
Building Size
2,639 SF
Asset Type
Development Site
Closing
Aug 7, 2026
About this deal
AI
The asset involved in the transaction is a development site located at 2 Thomas Street in the TriBeCa market. The sale was completed for a price of $14,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $14,000,000
- Seller: Laboz Family
- Brokers: Charles Kingsley, Noah Kossoff, Eric Karmitz & Miles Davis-Bosch - Avison Young
The individuals representing the deal include Charles Kingsley, Noah Kossoff, Eric Karmitz, and Miles Davis-Bosch, all associated with Avison Young, played a crucial role in facilitating this transaction for the Laboz Family.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93