Updated Sep 9, 2024
Corner Penthouse In Edgewater Sells For $2.1M By Jia Yan & Maggie Raffaele
3 Somerset Ln
$2,100,000
$1,069/SF
Building Size
1,964 SF
Asset Type
Condo
Closing
Jul 9, 2022
About this deal
AI
Located at 3 Somerset Ln in Edgewater, this corner penthouse offers the best views in the area. The property is a condo with a sale price of $2,100,000. It spans across 1,964 square feet, resulting in a price per square foot of $1,069. This stunning unit was sold in just 15 days on the market, showcasing its desirability.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,100,000
- Market: Edgewater
- Brokers: Jia Yan & Maggie Raffaele - Prominent Properties Sothebys International Realty
Contact Jia Yan at 201.238.7987 for more information on new development and Gold Coast sales.
Players
Hampton Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $2.1M for 1,964 square feet (2022).
Visit Sotheby's International Realty to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93