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
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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