facebook

traded

+ Submit
Home

/

Deals

/

New York

/

All

/

Sale

/

1 Central Park South, New Y...

Bronwen Lam, Joshua Wesoky, Chad Longmore & Jung Hi Han Sell Residential Condo At 1 Central Park South For $13.5M
SOLD

Bronwen Lam, Joshua Wesoky, Chad Longmore & Jung Hi Han Sell Residential Condo At 1 Central Park South For $13.5M

1 Central Park South, New York, NY 10019

$13,500,000

$3,952/SF

Building Size

3,416 SF

Asset Type

Closing

Sep 2, 2021

AI

Located at 1 Central Park South in the Plaza District, the residential condo at The Plaza Hotel & Residences was recently sold in a closed transaction. The property, represented by Bronwen Lam, Joshua Wesoky, Chad Longmore, and Jung Hi Han from Compass, was sold for a total price of $13,500,000. With a total area of 3,416 square feet, the price per square foot for this transaction amounts to $3,951. It is worth noting that the previous sale of this property took place in March 2008, with a sale price of $13,597,790.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $13,500,000
  • Address: 1 Central Park South, Plaza District
  • Represented by: Bronwen Lam, Joshua Wesoky, Chad Longmore, and Jung Hi Han from Compass

The involvement of Bronwen Lam, Joshua Wesoky, Chad Longmore, and Jung Hi Han from Compass as the representatives in this transaction highlights their expertise and dedication to ensuring a successful deal. Their professionalism contributed to the smooth process of this residential condo sale at The Plaza Hotel & Residences.

Players

Bronwen Lam

Compass

Broker

$29M

vol

2 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93