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

Property Image
SOLD
$13,500,000
Joshua Wesoky
Chad Longmore
+ 1

New York

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3,416 SF
Sold 09/02/2021
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Property Image
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

See Similar Deals
3,416 SF
Sold 09/02/2021
Joshua Wesoky
Chad Longmore
+ 1
Contact now

Summary

NEW YORK
Price Per Square Foot:$3,952
Total Square Footage:3,416 SF
Transaction Type:Sale

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
2 deals$29M volume
BROKER

Joshua Wesoky
Compass
4 deals$107.3M volume
BROKER

Chad Longmore
Compass
2 deals$29M volume
BROKER

Jung Hi Han
Compass
2 deals$29M volume
BROKER

Details

SOLD
IMAGE: Bronwen Lam, Joshua Wesoky, Chad Longmore & Jung Hi Han DATE: 09/02/2021 ADDRESS: 1 Central Park South AKA @ThePlazaHotel & Residences () MARKET: Plaza District ASSET TYPE: Residential Condo BROKER: Bronwen Lam, Joshua Wesoky, Chad Longmore & Jung Hi Han - @WesokyTeam @Compass SALE PRICE: $13,500,000 SF: 3,416 ~ PPSF: $3,951 LAST SALE PRICE: $13,597,790 (3/2008)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$720,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65