Nanyang Real Estate Holding Acquires Condo From Janet Jackson For $8.8M
1 Central Park West, New York City, New York 10023, United States
$8,800,000
$4,190/SF
Building Size
2,100 SF
Asset Type
—
Closing
Aug 17, 2022
About this deal
AI
Janet Jackson has sold her condo located at 1 Central Park West in New York City. The condo, which she purchased 25 years ago for $2.5 million, has been sold to Nanyang Real Estate Holding for a sale price of $8,800,000. With a size of 2,100 square feet, the price per square foot for this transaction amounts to $4,190. This property is a condo located in Central Park West.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,800,000
- Address: 1 Central Park West
- Square Footage: 2,100
The deal was facilitated by Juliette Janssens and Allison Koffman from Sotheby’s International Realty, who represented the seller and the buyer, respectively. Janet Jackson, a well-known singer and actress, has decided to part ways with this property. On the other hand, Nanyang Real Estate Holding saw a great investment opportunity in this valuable property located in Central Park West.
On the Map
$8,800,000
$4,190/SF
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Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $4.2K per square foot on a published $8.8M for 2,100 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93