Slate Property Group Acquires Condo In Tribeca For $30 Million With JLL And Upland Property Advisors
SOLD
$30,000,000
+ 2
New York
See Similar DealsMultiFamily25,738 SF
Sold 09/19/2025
SOLD
Slate Property Group Acquires Condo In Tribeca For $30 Million With JLL And Upland Property Advisors
81 Franklin Street
See Similar DealsMultiFamily25,738 SF
Sold 09/19/2025
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,165
Total Square Footage:25,738 SF
Transaction Type:Sale
The property is a condo located at 81 Franklin Street in the Tribeca market. It has a sale price of $30,000,000, consisting of 11 units and a total square footage of 25,738. With a price per unit of $2,727,272 and a price per square foot of $1,165, this property represents a significant transaction in the area.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $30,000,000
- Units: 11
- Price Per Unit: $2,727,272
- Square Footage: 25,738
- Price Per Square Foot: $1,165
- Date of Transaction: 9/19/2025
The transaction involved buyers Slate Property Group. The brokers representing the deal were Guthrie Garvin, Clint Olsen, and Hall Oster from JLL, alongside Glenn Tolchin and Yoav Oelsner from Upland Property Advisors.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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