Tribeca penthouse unit sells for $14.5M

The entity Perceval, LLC paid $14.5 million to Khajak Keledjian for the condo (SC) at 140 Franklin Street in Tribeca, Manhattan.
The deal closed on August 11, 2021 and was recorded on August 27, 2021.
The property has 5,019 square feet of built space and 0 square feet of additional air rights for a total buildable of 0 square feet according to PincusCo analysis of city data. The sale price per built square foot is $2,889 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)

The signatory for Khajak Keledjian was Khajak Keledjian.
(122416545)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 13 residential units on June 24, 2016.
This is unit PH-A.

Within a 400-foot radius of 140 Franklin Street, PincusCo identified 12 commercial real estate items of interests occurred over the past 24 months.
Of those 12 items, two were for major renovation including a certificate of occupancy change. They were one permit with a total initial cost of $4.6 million and one initial temporary certificate of occupancy issuance for a project that initially costed $510,000. The most recent of these two items was the permit on April 16, 2021 for a 28,492-square-foot R-2 building with 11 residential units at 29 Leonard Street.
Of those 12 items, six were sales above $5 million totaling $112.2 million. The most recent of the six was 24 Leonard Properties LLC which bought one condo unit in the 4,929-square-foot, 16-unit mixed-use building (RM) on 24 Leonard St for $14.7 million from Leonard Four Owner, LLC on August 11, 2021.
Of those 12 items, four were loans above $5 million totaling $58.0 million. The most recent of the four was Epic which borrowed $28.0 million from SBT Advantage Bank secured by the 52,930-square-foot, 19-unit rental (D6) on 176 West Broadway on July 27, 2021.

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