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1 Hanover Square, New York ...

SomeraRoad Acquires Condo In Financial District For $5.9M
SOLD

SomeraRoad Acquires Condo In Financial District For $5.9M

1 Hanover Square, New York City, New York 10004, United States

$5,900,000

$240/SF

Building Size

24,496 SF

Asset Type

Closing

Mar 27, 2022

AI

A condo located at 1 Hanover Square in the Financial District was recently sold for $5,900,000. The property spans 24,496 square feet, resulting in a price per square foot of $240. The sale took place on 03/28/2022.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $5,900,000
  • Address: 1 Hanover Square
  • Market: Financial District

The buyer of the condo was SomeraRoad, represented by Ian Ross. The seller was India House.

Players

Ian Ross

SomeraRoad

Buyer

$202.5M

vol

5 deals

Buyer

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

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93